118 Maplewood AvePortsmouth, NH 03801

Property Details for 118 Maplewood Ave

Year built

1990

Construction

FRAME

Property size (Sq ft)

1,486 SF

Zone code

CD4-L1

Property type

Office properties

APN

PRSM M:0124 B:0005 L:A1

APU

PRSMM0124B0005LA1

Description

This exceptional commercial office condominium unit, located at 118 Maplewood Avenue Unit 5 in Portsmouth, New Hampshire, presents a unique opportunity for businesses seeking a prestigious and convenient location. Situated within The Captain John Moses Condominium Association, this property enjoys immediate adjacency to the picturesque North Mill Pond and is within easy walking distance of Portsmouth's vibrant Central Business District and the scenic Piscataqua Riverfront. The unit itself comprises two generously sized rooms, ideally suited for office and conference space, ensuring ample room for a variety of business needs. A full bathroom adds to the unit's functionality and convenience. Two dedicated on-site parking spaces are included, eliminating the hassle of finding parking in a bustling downtown area. Undergoing significant renovations in 2024, this property is in excellent condition and ready for immediate occupancy. The combination of its prime location, modern amenities, and recent renovations makes this office condominium an attractive investment for discerning businesses seeking a thriving and desirable work environment in the heart of Portsmouth. This is a rare opportunity to acquire a well-appointed office space in a highly sought-after location. The unit is available now.

• CAP approach

  CAP return

  Valuation

  6%

  $245,680

  6.5%

  $226,782

  7%

  $210,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,161

  Geo Method

  $194,161

• Alternative Use

  Use

  Valuation

  Residential

  $281,209

  Hospitality

  $257,586

  Educational

  $214,309

  Medical

  $221,679

  Retail

  $333,369

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0788

Longitude

-70.764

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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