3,200 +/- SF Commercial Condo For Sale; Route 1

Office for Sale
Catylist Listing ID: 30623196
Condo? Yes
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $300,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: Ferns Crossing
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/7/2021

Overview / Comments

Located within Ferns Crossing, a popular neighborhood plaza on Route 1, is a 3,200 +/- sf second floor commercial condominium unit for sale.

The property is ideal for an owner-user or investor. Current owner occupies a portion of the office space and would consider a lease-back upon sale. There is also an opportunity for the Buyer to take occupancy of the office space owned by the Seller.

The office suite is newly renovated with bright windows, wood flooring, fresh paint and updated bathrooms.

The property has excellent signage on Route 1 with ample on-site parking. Condominium park is professionally managed and maintained.

For Sale $300,000

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: Map 7, Lot 115-U06
Is Condo?: Yes
Zoning: INDUSTRIAL - BUSINESS/RESIDENTIAL
Property Located Between: Portsmouth and Hampton
Property Visibility: Excellent
Highway Access: Interstate 95
Site Description: Professionally landscaped and well-managed plaza on Route 1 with two curb cuts.
Area Description: Directly across from a 280,000 +/- SF Mall with anchor tenants including Home Depot, Shaws and Marshalls. Property also abuts Dunkin Donuts and TD Bank.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Ample, on-site
Total Parking Spaces: 106
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Wall Units, Ceiling Units
Air Conditioning: Engineered System, Package Unit
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,653 42,986
Median Age: 46.9 45.17
Households: 8,750 18,108

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