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: |
3/25/2023 |
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 Spring 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.
|
| 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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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