Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm Security Service
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Brewery & Distillery Specialty Food Shop
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Law Firm
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Law Firm
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Commercial ABC To provide for business, commercial and trade- related enterprises in a campus setting. Other Districts Civic District CIVIC To preserve existing buildings and uses that are open to the general public and…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ABC · Portsmouth, NHCommercial ABC To provide for business, commercial and trade- related enterprises in a campus setting. Other Districts Civic District CIVIC To preserve existing buildings and uses that are open to the general public and…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Commercial ABC To provide for business, commercial and trade- related enterprises in a campus setting. Other Districts Civic District CIVIC To preserve existing buildings and uses that are open to the general public and…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ABC in Portsmouth, NH.
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