127 Parrott Ave Portsmouth, NH 03801-4402
- Office buildings
- 14,949 SF
- 0.94 lot acres
Current Use by Public Records
- Petersen Engineering Inc / Engineering Consultant
- New Hampshire Association-The Blind / Social Service Agency / Charitable Organization
- Butterlux Bakery / Bakery / Specialty Food Shop
- Three Phase Line Construction, Inc. / General Contractor
- Hoefle Phoenix Gormley & Roberts, PLLC / Law Firm
Property Details for 127 Parrott Ave
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.94 lot acres
- Property size
- 14,949 SF
- Zone code
- MRO
- Property type
- Office buildings
- APN
- PRSM M:0115 B:0003 L:
- APU
- PRSMM0115B0003L
Description
This exceptional 2,470 square foot office suite is available for lease at 127 Parrott Ave, Portsmouth, NH 03801. Located on the second floor of a professionally managed building, this space offers breathtaking views of Portsmouth's scenic South Mill Pond and City Hall. The suite boasts an open office area with ample space for up to sixteen employees, configured with existing cubicles. A large conference room is also included, ideal for meetings and presentations. Built in 1952 and extensively renovated in 2013, the building features an attractive entrance and well-maintained common areas filled with natural light. Full ADA accessibility is ensured through interior and exterior accommodations, including elevator service. Convenient shared restrooms and a kitchen maximize the usable space within each suite. Ten dedicated parking spaces are provided, supplemented by visitor parking and readily available free on-street parking. The building is zoned MRO and situated in Rockingham County. This single-tenant space is part of a larger building totaling 23,166 square feet. The building is home to established professional firms, creating a prestigious and collaborative environment. This is a rare opportunity to secure a highly desirable waterfront office space in the heart of Portsmouth.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,560,000
- 6.5%
- $4,210,000
- 7%
- $3,910,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,738,000
Market price range: $1.30M - $4.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,570,000 Current use
- AUTO REPAIR, GARAGE
- $3,940,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.7578
- Latitude
- 43.074
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA