282 Corporate Dr, Unit 3 Portsmouth, NH 03801

Property Details for 282 Corporate Dr

Year built

2000

Construction

FRAME

Property size

15,007 SF

Zone code

ABC

Property type

Office buildings

APN

PRSM M:0315 B:0002 L:

APU

PRSMM0315B0002L

Description

This exceptional 15,207-square-foot executive office building is situated in Portsmouth, New Hampshire's Pease International Tradeport, a premier business park. Conveniently located less than an hour from downtown Boston and easily accessible from I-95 Exit 3, the property boasts over 103 dedicated parking spaces. Built in 1950 and renovated in 2000, this single-story Class B building sits on a 5.19-acre lot and offers a loading dock and an outside covered deck. The property is zoned for business/commercial use and features ample signage opportunities on a pylon sign. The sale includes the seller's remaining lease term with the Pease Development Authority (PDA), a state agency, offering the potential for a lease extension of up to 74 years. This extended lease term provides flexibility for future renovations, expansion, and financing options. The building's strategic location provides direct access to I-95 and the Spaulding Turnpike, ensuring excellent visibility and accessibility. The potential for building expansion adds further value to this attractive investment opportunity. This freestanding building presents a unique opportunity to acquire a well-maintained, strategically located office building in a thriving business park.

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Longitude

-70.7963

Latitude

43.0719

CBSA code

14460

CBSA name

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

Property Tax & Assessments