Retail/Office Condominium
55 Constitution Avenue Portsmouth, NH 03801
55 Constitution Avenue, Portsmouth, NH, 03801
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For Sale
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Condo unit offers 1st-floor retail/office space plus finished lower-level storage and convenient on-site parking.
Property Size815 SF
Price / SF$193.87
Days on Market37
Property Features for 55 Constitution Avenue
General Information
- Standard status
- Active
- Size
- 815 SF
- Property subtype
- OFFICE
Listing agency
Colliers
(724) 553-8720
Listed by
Abigail K. Bachman
(724) 553-8720
Source
Moodyscre
Added: Jun 15 Updated: Jul 20 at 11:47PM Checked: Jul 20 at 11:47PM
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 Colliers
Investment Insights
Based on property information with market context.
For sale retail/office condominium suite totaling 815± SF. The unit includes 495± SF on the 1st floor and an additional 320± SF of finished lower-level space used for storage.
The property is located off highly trafficked Lafayette Road/Route 1 at 55 Constitution Avenue in Portsmouth, NH. On-site parking is available for employees and customers, with the area positioned just minutes from downtown Portsmouth and close to local retailers, restaurants, and apartment/condominium developments, and near I-95.
Designed as a self-contained condominium space, this layout supports a small professional or retail operation needing an additional finished storage area.
The property is located off highly trafficked Lafayette Road/Route 1 at 55 Constitution Avenue in Portsmouth, NH. On-site parking is available for employees and customers, with the area positioned just minutes from downtown Portsmouth and close to local retailers, restaurants, and apartment/condominium developments, and near I-95.
Designed as a self-contained condominium space, this layout supports a small professional or retail operation needing an additional finished storage area.
Key Highlights
- 815± SF retail/office condominium available for sale off highly trafficked Lafayette Road/Route 1.
- Includes 495± SF on the 1st floor plus an additional 320± SF finished lower level for storage.
- Convenient on‑site parking for employees and customers.
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 | $17.1k | $21.00 |
| − Vacancy | −$2.3k | −$2.79 |
| EGI | $14.8k | $18.21 |
| − OpEx | −$3.7k | −$4.55 |
| NOI | $11.1k | $13.66 |
815 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$159.0K
$139.1K – $185.5K
NOI $11,129 @ 7.0% cap · market cap 7.04%
Second Best
Retail
$141.1K
$123.5K – $164.7K
NOI $9,879 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$218.0K
$190.8K – $254.4K
NOI $15,263 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Condo unit offers 1st-floor retail/office space plus finished lower-level storage and convenient on-site parking.
Where is this office units located?
The property is located at 55 Constitution Avenue Portsmouth, NH.
What is the asking price?
The asking price for this property is $158,000.
What are key features of this property?
This property features: 815± SF retail/office condominium available for sale off highly trafficked Lafayette Road/Route 1.; Includes 495± SF on the 1st floor plus an additional 320± SF finished lower level for storage.; Convenient on‑site parking for employees and customers.
