List Price: $2,175,000 | $346 per sq.ft. Commercial
Space type
Date Listed Friday Mar 22, 2024 | MLS# 4988952
Space type
Date Listed Friday Mar 22, 2024 | MLS# 4988952
To see this Listing
Address: 150 Spaulding Turnpike Portsmouth NH
Listed by Brett Mulvey Tate & Foss Sotheby's International Rlty
Description:
This mixed-use property includes a package of 3 separate buildings on 2 lots ideally located along one of the most visible and trafficked parcels in the Seacoast. The unequalled visibility will attract customers on an artery with over 52,000 cars per day. 150 Spaulding Turnpike is set back from Route 16 and features additional frontage along Farm Lane. Currently configured as one commercial space, this building was previously 2 commercial spaces. 150 Spaulding Turnpike is accessible via ample dedicated parking, several entrances and includes a commercial garage door with high clearances perfect for sending and receiving larger items. 155 and 157 Farm Lane have been completely renovated within the past 3 years. 157 Farm is currently set up as mixed-use, containing a commercial tenant on the first level and two, one-bedroom residential units on the second. 155 Farm has two, two-bedroom units. The residential units have over 10 dedicated parking spaces w/additional parking in the front for commercial tenants. This property package offers a future owner many options. The location of the property within a quarter mile of the Portsmouth traffic circle provides immediate access to Portsmouth and Dover with quick access to Boston, Portland, and Manchester. Pease Tradeport and The Crossings at Fox Run are both within a mile. Ideal for future commercial redevelopment or continue utilizing as an income property with a mix of income streams. Act quickly.
Building Type : Business | Investment | Multi-Family | Office | Retail
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor 3/4 Bathroom | 1st Floor Hrd Surfce Flr | No Stairs from Parking | One-Level Business | One-Level Home | Paved Parking | 1st Floor Laundry
Misc : Fire System | Living Space Available | Showers | Heat Included | In-Unit Bathroom
Sale Includes : Land/Building
Listed by Brett Mulvey Tate & Foss Sotheby's International Rlty
Description:
This mixed-use property includes a package of 3 separate buildings on 2 lots ideally located along one of the most visible and trafficked parcels in the Seacoast. The unequalled visibility will attract customers on an artery with over 52,000 cars per day. 150 Spaulding Turnpike is set back from Route 16 and features additional frontage along Farm Lane. Currently configured as one commercial space, this building was previously 2 commercial spaces. 150 Spaulding Turnpike is accessible via ample dedicated parking, several entrances and includes a commercial garage door with high clearances perfect for sending and receiving larger items. 155 and 157 Farm Lane have been completely renovated within the past 3 years. 157 Farm is currently set up as mixed-use, containing a commercial tenant on the first level and two, one-bedroom residential units on the second. 155 Farm has two, two-bedroom units. The residential units have over 10 dedicated parking spaces w/additional parking in the front for commercial tenants. This property package offers a future owner many options. The location of the property within a quarter mile of the Portsmouth traffic circle provides immediate access to Portsmouth and Dover with quick access to Boston, Portland, and Manchester. Pease Tradeport and The Crossings at Fox Run are both within a mile. Ideal for future commercial redevelopment or continue utilizing as an income property with a mix of income streams. Act quickly.
Building Type : Business | Investment | Multi-Family | Office | Retail
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor 3/4 Bathroom | 1st Floor Hrd Surfce Flr | No Stairs from Parking | One-Level Business | One-Level Home | Paved Parking | 1st Floor Laundry
Misc : Fire System | Living Space Available | Showers | Heat Included | In-Unit Bathroom
Sale Includes : Land/Building
Features
Income
Net Income| 102399
Gross Income| 145794
Management Expense: $0
Insurance Expense : $0
Net Income| 102399
Gross Income| 145794
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1970
Price Per SQ.FT. 345.68 No. of Units: 7
Building Size : 6292
Available SQFT : 6292
Building Type: Business | Investment | Multi-Family | Office | Retail
Year Built: 1970
Price Per SQ.FT. 345.68 No. of Units: 7
Building Size : 6292
Available SQFT : 6292
Building Type: Business | Investment | Multi-Family | Office | Retail
ExteriorRoof: Membrane | Shingle - Asphalt
InteriorBasement: Concrete | Slab
Land Information
Lot size: 0.62 acres
Zoned: Business
Road Frontage: 360
Garage And Parking: Parking Spaces 11 - 20
Road Frontage: 360
No. of Docks | 0.
UtilitiesUtilities: Cable
AC % | 0.
Additional Information
Easement - Yes
ROW Length: 128 feet
ROW Width: 12 feet
Row For Other Parcel: Y
Taxes $21,038
Assesed Value Not Reported
Easement - Yes
ROW Length: 128 feet
ROW Width: 12 feet
Row For Other Parcel: Y
Taxes $21,038
Assesed Value Not Reported
Schools
