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    259 Route 108 Somersworth, NH 03878

    Sponsored
    For Sale
    $1,390,000

    Prime Somersworth Medical Office, 8,240 SF

    Property size:
    8,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,240 square foot medical office building, situated at 259 Route 108 in Somersworth, New Hampshire, presents a unique investment opportunity. Built in 1995 and renovated in 2005, the property boasts a desirable location on the "Medical Mile," conveniently situated near Wentworth Douglass Hospital and Frisbie Memorial Hospital. The building is currently zoned C1 - Commercial/Industrial and sits on a generous 2.083-acre lot. The property is available for sale at $1,390,000 and offers a flexible lease structure (NNN). Currently configured as a single multi-tenant building, it has the potential for subdivision into two medical condo units, one approximately 3,095 square feet and the other approximately 5,145 square feet, providing significant adaptability for future use. Adding to its versatility, a 2,930 square foot dry basement offers ample storage space. This property represents a compelling opportunity for investors seeking a well-maintained medical office building in a high-demand location with excellent growth potential. The property's strategic location and flexible layout make it an ideal investment for both owner-occupiers and investors seeking a strong return. Serious inquiries are encouraged.

    Property Features for 259 Route 108

    General Information

    Property type
    Medical offices
    Square Feet
    8,240 SF
    Lot Size
    90,735 SF

    Building Details

    Year Built/Renovated
    1995/2005

    HighLights

    • 2,930± SF dry basement available for sale or lease, ideal for storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8976254
    Latitude
    43.2539462

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    FAQs

    What type of property is this?
    Medical office - Prime Somersworth Medical Office, 8,240 SF
    Where is this medical office located?
    The property is located at 259 Route 108 Somersworth, NH.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: 2,930± SF dry basement available for sale or lease, ideal for storage.; ;
    Request Owner's contact information
    259 Route 108 Somersworth, NH 03878
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    Somersworth, NH 03878
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    259 Route 108 Somersworth, NH 03878
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