Historic Office Building on Route
2204 Woodbury Avenue Newington, NH 03801
2204 Woodbury Avenue, Newington, NH, 03801
$825,000
For Sale
$825,000
Historic Isaac Dow House converted to office use with recent HVAC, roof, and utility system upgrades.
Property Size4,892 SF
Price / SF$168.64
Days on Market190
Property Features for 2204 Woodbury Avenue
General Information
- Standard status
- Active
- Size
- 4,892 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1820
Listing agency
RE/MAX Partners
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jan 13 Updated: Jul 21 at 11:43AM Checked: Jul 22 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Partners
Investment Insights
Based on property information with market context.
2204 Woodbury Avenue is the Isaac Dow House, originally constructed in 1820 and currently used as professional office space. The property contains 2,280± square feet on 0.58 acres within Newington’s commercial zone. Recent capital improvements include a new forced hot water (FHW) heating system installed in July 2025, heat pump heating and cooling, a new roof installed in 2022, and updated plumbing and electrical systems completed in 2021.
Located prominently along Newington’s main commercial corridor, the building offers easy access directly adjacent to Route 4, connecting to Portsmouth, the Seacoast, and surrounding markets. The Town of Newington placed a preservation restriction on the property in 1995, which limits certain uses and future development.
With its historic character and modern system upgrades, the property continues to serve as office space while reflecting its long-standing architectural and cultural significance.
Located prominently along Newington’s main commercial corridor, the building offers easy access directly adjacent to Route 4, connecting to Portsmouth, the Seacoast, and surrounding markets. The Town of Newington placed a preservation restriction on the property in 1995, which limits certain uses and future development.
With its historic character and modern system upgrades, the property continues to serve as office space while reflecting its long-standing architectural and cultural significance.
Key Highlights
- Historic Isaac Dow House built in 1820, converted to professional office use in 1995
- 2,280± SF office space on 0.58 acres in Newington’s commercial zone
- New forced hot water (FHW) heating system installed July 2025
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.7k | $21.00 |
| − Vacancy | −$13.7k | −$2.79 |
| EGI | $89.1k | $18.21 |
| − OpEx | −$22.3k | −$4.55 |
| NOI | $66.8k | $13.66 |
4,892 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$954.3K
$835.0K – $1.11M
NOI $66,801 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,613 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Historic Isaac Dow House converted to office use with recent HVAC, roof, and utility system upgrades.
Where is this office building located?
The property is located at 2204 Woodbury Avenue Newington, NH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Historic Isaac Dow House built in 1820, converted to professional office use in 1995; 2,280± SF office space on 0.58 acres in Newington’s commercial zone; New forced hot water (FHW) heating system installed July 2025
