1 Cate StPortsmouth, NH 03801

Property Details for 1 Cate St

Year built

1987

Construction

STEEL FRAME

Property size (Sq ft)

3,400 SF

Zone code

CD4-W

Property type

Office properties

Property subtype

Other office properties

APN

PRSM M:0163 B:0035 L:1

APU

PRSMM0163B0035L1

Description

This exceptional 2,898-square-foot creative office condominium is available for sale or lease. Located on the fourth floor of a five-story building at 1 Cate Street in Portsmouth, New Hampshire's vibrant West End, this single-tenant space boasts a wealth of character and modern functionality. Originally part of the Eldredge Brewery, the unit retains charming brick walls and a dramatic entryway staircase, complemented by abundant natural light. The layout includes one to two spacious conference rooms, three to four private offices, a reception area, and an open cubicle space currently configured for thirteen workstations. The 1860 building features one elevator. Locked, dry storage is conveniently located in the basement. This prime location offers easy access to amenities in the West End, less than 2.5 miles from I-95 and Route 1, and approximately one mile from downtown Portsmouth. The property is zoned CD4-W. The building consists of a single structure with a total of 2,898 square feet, all of which is currently vacant. This unique opportunity combines historic charm with modern office functionality in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $562,122

  6.5%

  $518,881

  7%

  $481,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $444,244

  Geo Method

  $444,244

• Alternative Use

  Use

  Valuation

  Residential

  $643,413

  Hospitality

  $589,363

  Educational

  $490,343

  Medical

  $507,207

  Retail

  $762,756

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0704

Longitude

-70.7741

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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