Office For Sale

Office for Sale
Catylist Listing ID: 30583027
Property Subtypes: Office Building
Building Size (RSF): 8,370 SF
Gross Land Area: 1.68 Acres
Sale Price: $799,900
Unit Price: $95.57 PSF
Property Use Type: Investment, Business
Building Name: Professional Building
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

This office building is in excellent condition and has excellent visibility. The building could be divided into several separate units, or have occupancy that is a single-user tenant. There are four floors divisible within the property into different configurations. The large addition was built in 2004, which has a substantial amount of usable space, as well as attic storage space. It has handicap access via the rear entry, and kitchen facilities on the first floor. Parking spots fit approximately 35 vehicles.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Stratham
Tax ID/APN: 000013 000023 000000
Zoning: PROFESSIONAL/RESIDENTIAL
Property Located Between: Butterfield Lane and Bunker Hill Ave
Property Visibility: Excellent
Highway Access: I-95 via Portsmouth Ave 10 minutes east : Rt 101 via Portsmouth Ave 5 minutes to the south. Route 108, a secondary north-south highway, is two minutes to the east heading north and the property is also located on Rt 108.
Airports: Portsmouth International
Site Description: The site is somewhat level with a substantial amount of open area on the east side of the property. The parking takes up a good portion of the lot.
Area Description: Stratham is a medium-sized community on the seacoast adjacent to Exeter and Newmarket. With over 7,000 residents with an affluent demographic makeup, this community has been a stable community for generations. The commercial areas in the area are Route 108, which is right off Route 101, as well as Route 33 which connects Stratham with Portsmouth.
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 2,787 SF
Year Built: 1985
Year Renovated: 2004
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Mutli story building with several additions over the years. The exterior is vinyl sided, clean and well kept. The parking lot is paved over 95 % of it. The property is well landscaped.
Parking Type: Surface
Parking Description: Asphalt lot with approximately 35 spots. Fully lined spots...
Sprinklers: None
Heat Type: Oil, Hot Water
Heat Source: Baseboard, Central, Other
Air Conditioning: Other
Internet Access: Cable, Fiber Optic, Other
Interior Description: This building is in overall good condition. Interior is sheet rock walled and a combination of carpets and vinyl flooring. There are areas of cubicles and many individual offices as well as a kitchen area. The lower level has a double door entry with the ability to bring in skids if required from the parking area.
Zoning Description: Commercial - Residential
Lot Frontage: 215 FT
Lot Depth: 348 FT
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Land Ownership: Fee Simple
Legal Description: 3110 / 2847

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,405 15,887 43,219
Median Age: 44.27 43.32 42.93
Households: 942 6,356 17,855
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