127 Parrott AvePortsmouth, NH 03801

Property Details for 127 Parrott Ave

Year built

1952

Construction

FRAME

Lot size

0.94 AC

Property size (Sq ft)

14,949 SF

Zone code

MRO

Property type

Office properties

Property subtype

Office buildings

APN

PRSM M:0115 B:0003 L:

APU

PRSMM0115B0003L

Description

This exceptional 2,470 square foot office suite is available for lease at 127 Parrott Ave, Portsmouth, NH 03801. Located on the second floor of a professionally managed building, this space offers breathtaking views of Portsmouth's scenic South Mill Pond and City Hall. The suite boasts an open office area with ample space for up to sixteen employees, configured with existing cubicles. A large conference room is also included, ideal for meetings and presentations. Built in 1952 and extensively renovated in 2013, the building features an attractive entrance and well-maintained common areas filled with natural light. Full ADA accessibility is ensured through interior and exterior accommodations, including elevator service. Convenient shared restrooms and a kitchen maximize the usable space within each suite. Ten dedicated parking spaces are provided, supplemented by visitor parking and readily available free on-street parking. The building is zoned MRO and situated in Rockingham County. This single-tenant space is part of a larger building totaling 23,166 square feet. The building is home to established professional firms, creating a prestigious and collaborative environment. This is a rare opportunity to secure a highly desirable waterfront office space in the heart of Portsmouth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,471,516

  6.5%

  $2,281,400

  7%

  $2,118,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,953,236

  Geo Method

  $1,953,236

• Alternative Use

  Use

  Valuation

  Residential

  $2,828,936

  Hospitality

  $2,591,290

  Educational

  $2,155,922

  Medical

  $2,230,068

  Retail

  $3,353,658

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.074

Longitude

-70.7578

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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