Downtown Office Condominium for Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30828417
Property Subtypes: Mixed Use, Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 1,400 SF
Gross Building Area: See Agent
Sale Price: $525,000
Property Use Type: Vacant/Owner-User
Building Name: Pierce Block
Class of Space: Class A
Usable Size (USF): 1,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2023

Overview / Comments

We are pleased to present the availability of a 1,400± SF first floor office condominium with a lower level available for sale or lease in the heart of downtown Portsmouth.

24 Ladd Street consists of 6 private offices, reception area, and a restroom on the 1st floor and a conference room, kitchenette, and a restroom on the lower level. Condo fees are $241.13/month.

Municipal parking is available in the adjacent High Hanover Garage or in the Foundry Place Garage which is just a 10 minute walk away. Positioned next to Market Square and just steps away from downtown’s many amenities

Located just a mile from I-95 and Route 1 and within an hour of Portland, ME, and Boston, MA.

Also available for lease for $29.00 NNN.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $5,592 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Portsmouth
Taxing Authority: City of Portsmouth
Tax ID/APN: 0117/ 0017/ 000B/ /
Is Condo?: Yes
Zoning: CHARACTER DISTRICT 5
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1860
Year Renovated: 2019
Roof Type: Mansard
Construction/Siding: Brick
Parking Type: Structure
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 6.09
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 26,118 43,375
Median Age: 40.65 42.16 42.94
Households: 4,910 12,383 19,637

Contact

Photograph of Listing Agent

David F. Choate, III

Colliers International NECPE Member
Photograph of Listing Agent

Abigail K. Bachman

Colliers International NECPE Member
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