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    259 Nh-108 Somersworth, NH 03878

    Sponsored
    For Lease
    $16 SF/Yr ($10,986 /Mo)

    Versatile Medical/Industrial Space in Somersworth, NH

    Lot size:
    8,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,240 square foot property at 259 Route 108 in Somersworth, New Hampshire, offers a unique blend of medical office and industrial space. Built in 1995 and renovated in 2005, the building sits on a 2.083-acre lot and is zoned C1 - Commercial/Industrial, providing flexibility for a variety of uses. The property is currently configured for multiple tenants, with a minimum divisible space of 3,095 square feet and a maximum contiguous space of 8,240 square feet, catering to businesses of various sizes. Its prime location on the "Medical Mile," near Wentworth Douglass Hospital and Frisbie Memorial Hospital, makes it particularly attractive for medical practices seeking convenient access to major healthcare facilities. The building's adaptable layout and recent renovations ensure a modern and functional workspace. This turnkey opportunity presents a compelling investment in a thriving New Hampshire community. The property's address is 259 NH-108, Somersworth, NH 03878, situated in Strafford County. This versatile space is ideal for businesses seeking a strategic location with ample space and convenient access to key healthcare providers.

    Property Features for 259 Nh-108

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,240 SF
    Total Rate
    10986.67

    Building Details

    Year Built/Renovated
    1995/2005

    Unit(s) available at that property

    Space
    Space Available 1
    Size
    8,240 SF
    Rate per SF
    $16

    HighLights

    • Modern medical office building.
    • Divisible into two medical condominiums, each approximately 3,095‑5,145 square feet.
    • 2,930 square foot dry basement for storage.
    • High visibility on Route 108.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    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 - Versatile Medical/Industrial Space in Somersworth, NH
    Where is this medical office located?
    The property is located at 259 Nh-108 Somersworth, NH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Modern medical office building.; Divisible into two medical condominiums, each approximately 3,095-5,145 square feet.; 2,930 square foot dry basement for storage.
    Request Owner's contact information
    259 Nh-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

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    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 Nh-108 Somersworth, NH 03878
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