100 Griffin Rd Portsmouth, NH 03801
- Office Properties & Spaces
- 3,348 SF
Current Use by Public Records
- Robert Walsh Hickey / Allergist
- Michael Baker / Pain Management Physician
- Mark Ballentyne / Family Practice Physician
- Port City Chiropractic / Chiropractor / Hypnotherapy Service
- Dr. Heidi Harrington / Practitioner Service Location / Plastic Surgeon
Property Details for 100 Griffin Rd
- Year built
- 1996
- Construction
- FRAME
- Property size
- 3,348 SF
- Zone code
- I
- Property type
- Office Properties & Spaces
- 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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $945,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $966,000
- AI Estimate
- $582,000
Market price range: $590k - $1.68MMarket price range: $291k - $934k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,025,000 Current use
- COMMERCIAL (GENERAL)
- $1,510,000 Change: +47% Conversion: Easy
- AUTO REPAIR, GARAGE
- $880,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.7978
- Latitude
- 43.0571
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA