100 Griffin RdPortsmouth, NH 03801

Property Details for 100 Griffin Rd

Year built

1996

Construction

FRAME

Property size (Sq ft)

3,348 SF

Zone code

I

Property type

Office properties

Property subtype

Other office properties

APN

PRSM M:0263 B:0001 L:1A

APU

PRSMM0263B0001L1A

Description

This exceptional 4,960 square foot medical office building, situated in a highly visible location within a popular Portsmouth medical park, presents a unique investment opportunity. Built in 1998, this single-story building boasts a highly efficient layout, perfectly suited for a variety of medical uses. Previously a thriving plastic surgery practice and MediSpa for over two decades, the property features two surgical suites, two pre-operative rooms, a recovery room, and three nurses' stations. Additional amenities include a spacious light-filled lobby, a conference room, administrative and financial offices, a doctor's office with capacity for four, four patient examination rooms, a dedicated medical skincare room, a kitchen, and ample restroom facilities including men's and women's locker rooms. The property benefits from a recently installed solar panel system valued at approximately $200,000, significantly reducing operating costs. Conveniently located off Interstate 95, just one mile from Portsmouth Regional Hospital and close to the downtown area, this property offers excellent accessibility and visibility. The building is zoned OFF CONDO MDL-06 in Rockingham County, NH. Property taxes are $2.41 per square foot. The sale includes a significant amount of furniture, fixtures, and equipment. Seller financing is available for qualified buyers. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $553,524

  6.5%

  $510,946

  7%

  $474,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,450

  Geo Method

  $437,450

• Alternative Use

  Use

  Valuation

  Residential

  $633,573

  Hospitality

  $580,349

  Educational

  $482,844

  Medical

  $499,449

  Retail

  $751,090

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0571

Longitude

-70.7978

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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