Commercial/Investment Property For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30638117
Property Subtypes: Office Building, General
Condo? Yes
Building Size (RSF): 9,204 SF
Sale Price: $888,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 8 Continental Dr
Class of Space: Class B
Usable Size (USF): 9,204 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2021

Overview / Comments

Ideal Investment Property or Owner/User looking for additional income! Two Unit Condominiums, Unit A and Unit B totaling 9,204 +/- Square Feet for Sale. Unit A is first floor office suite totaling 3,510 +/- SF and is occupied long term by the State of New Hampshire Probation/Parole Office. The space is subdivided into reception/administration area and several individual offices, two bathrooms and includes two entrances. Unit B is a second floor space formerly occupied by a dance studio and incorporates three large rooms with open ceiling concept, two bathrooms and two exits/entrances. Unit B is currently vacant and available for Lease or owner occupied. Roof height in Unit B is 21' to the bottom of the roof and 19' to the bottom of the joist in the center. The height to the bottom of the joist along the outside wall is 7 feet. Real Estate taxes for 2019 were $1.34 PSF. Condo Fee for both Units for 2021 is $6,105 or $0.66 PSF.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Exeter
Taxing Authority: Town of Exeter, NH
Tax ID/APN: 47/4/1 and 47/4/3
Is Condo?: Yes
Zoning: C-3
Highway Access: Route 101, Exit 9, south on Route 27/Epping Road, Continental is on the right
Airports: Manchester-Boston Regional Airport, Portsmouth International Tradeport at Pease, Hampton Airfield
Site Description: Level site with shared parking among the other condos
Area Description: The area is a mix of commercial uses in a park setting.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2004
Roof Type: Hip
Construction/Siding: Aluminum Siding, Steel Frame, Vinyl Siding, Wood Frame
Parking Type: Surface
Parking Description: Share of parking among other condominiums within the 8 Continental Drive park.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-3 EPPING ROAD HIGHWAY COMMERCIAL - PERMITTED PRINCIPAL - Retail services, business offices, professional offices and medical offices, hotels/motels. Bed and Breakfast. Child day care. Essential services. Automobile repair shops and washing establishments. New and used car dealers. Amusement Centers. Wholesale establishments, distribution plants and warehouses. Landscape services and garden supply establishments. Animal hospitals and veterinarians, animal boarding/kennels. Boat sales and services.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,809 14,044 41,660
Median Age: 37.03 43.64 42.93
Households: 729 5,882 16,107


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