Former Schoolhouse Conversion - Brick 4-Unit Office Building in Dover

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30471093
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 4,620 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 Acres
Sale Price: $625,000
Unit Price: $135.28 PSF
Property Use Type: Investment
Building Name: 16 Pierce St
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 9/9/2019

Overview / Comments

16 Pierce St is an excellent fully-tenanted 4-unit office building located in the heart of Dover's central business district with off-street parking for over 20 cars. This property was originally built as a schoolhouse, and still retains its original character with features such as 10 foot ceilings, stately entryways, marble tile floors, and 7 foot windows. Since its conversion, it has been updated with modern amenities including central A/C, efficient direct vented gas furnaces, and hardwired smoke detectors. Building itself is in good condition overall with solid brick construction, and has a large basement with high ceilings and potential to add more usable space in the future. Lot is easy to manage with limited landscaping and snow removal required.

Attachments & Media


Finance Data Year 2018
Real Estate Taxes - Annual($) $14,025 (Annual)
Tax Value Land $136,500
Tax Value Improvements $426,300
Assessed Value - Total($) $562,800 (Annual)
Gross Operating Income $56,400 (Annual)
Net Operating Income $39,177 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Manchester-Nashua
County: Strafford
Tax ID/APN: 04034-000000
Zoning: RM 8
Property Located Between: Central Ave & Broadway
Property Visibility: Good
Highway Access: Route 16
Airports: Pease
Site Description: Parking: 20+ HVAC: FWA/Central Const.Type: Brick exterior
Area Description: Steps to downtown Dover's shops and restaurants. Easy commuter location.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,310 SF
Year Built: 1900
Roof Type: Gable
Construction/Siding: Brick, Stone
Exterior Description: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 31,238 69,904
Median Age: 33.21 36.4 35.65
Households: 4,746 13,261 26,147
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