581 Lafayette Road

Retail-Commercial for Lease
Catylist Listing ID: 30822931
Property Subtypes: Street Retail
Contiguous Space: 1,779 SF
Building Size (RSF): 17,071 SF
Gross Building Area: 17,122 SF
Lease Rate: $30 PSF (Annual)
Base Monthly Rent: $4,447
Lease Types: NNN
Building Name: 581 Lafayette Road
Last Updated: 11/9/2022

Overview / Comments

Looking for a great small retail or commercial office space with ample parking, excellent visibility, signage potential with both great access to I-95, the Spaulding Turnpike and within a mile of the vibrancy of downtown Portsmouth, you've found the location.

Join legendry restaurant entrepreneurs Ryan Lent, operator of Tour Restaurant a fine dining and indoor golf themed restaurant and Bob Wongsaichua's in another one of his creations, this Asian inspired and newest venture since the 2015 downtown greatest hit "the Green Elephant" - opening February 2023 will be Five81oNE - a keen take off on the property address 581 Lafayette Road.

A great address to be at now and into the future as the property located at the junction of Route 1/Lafayette Road sits in the Gateway 1 Zoning District of the City. This district was created to facilitate a broad range of housing types together with compatible commercial, fabrication, and civic uses in a high-quality pedestrian environment with moderate to high density.

Existing businesses nearby include medical offerings, Convenient MD Urgent Care and Choice MD Urgent Care, as well as family entertainment's Bowl-A-Rama Fun Center, Planet Fitness, Ethan Allen and Cross Roads House, a secure and transitional housing option for the homeless.

Attachments & Media

Expand All Available Space

Suite: 2 1,779 SF $30 PSF (Annual) NNN
Level/Floor: 1st
Space Available: 1,779 SF
Lease Rate: $30 PSF (Annual)
$4,447 (Monthly)
Lease Type: NNN
Space Description: Clear span open space formerly the bakery area for Tuscan Market with separate entry.
Date Available: 11/11/2022
Lease Term: 60 Months
Space Type: New
Tax Expenses $3.81 PSF (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Quincy
County: Rockingham
Taxing Authority: City of Portsmouth
Tax ID/APN: 08178-0229-008B-0000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist, Recreation, Convention
Property Visibility: Excellent
Highway Access: approximately 1.5 miles to the Portsmouth Traffic Circle with direct access to I-95 and the Spaulding Turnpike (Route 16)
Airports: Pease, Manchester & Logan
Area Description: Mixed residential, service retail, restaurant and medical surround the property.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1972
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Brick, Stone
Parking Type: Surface
Sprinklers: Wet
Air Conditioning: Package Unit
Interior Description: previously configured as a portion of Tuscan Market's bakery includes high ceilings and clear span throughout
Zoning Description: Gateway 1 - broad range of housing, commercial fabrication and civic uses in a high-quality pedestrian access - moderate to high density
Lot Frontage: extensive
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,400 30,219 43,009
Median Age: 41.47 41.67 42.95
Households: 2,358 14,143 19,563

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