333 Central AveDover, NH 03820

  • Office properties
  • 1.05 AC
For Lease
$17.50/SF/YR View listing

Property Details for 333 Central Ave

Year built
1900
Construction
FRAME
Lot size
1.05 AC
Zone code
CBD-G
Property type
Office properties
Property subtype
Office buildings
APN
DOVR M:02019 B: L:
APU
DOVRM02019BL

Description

This exceptional four-story building, totaling 75,000 square feet, offers a unique blend of retail and office spaces in the heart of Dover, New Hampshire's Central Business District (CBD). Originally constructed in 1900 and extensively renovated in 2019, the property boasts a desirable location overlooking Lower Square, Rotary Arts Pavilion, Henry Law Park, and the Children's Museum of New Hampshire. Units range from a minimum of 750 square feet to a maximum contiguous space of 3,150 square feet, with 5,925 square feet currently vacant. The building allows for multiple tenancies and the landlord is open to subdividing larger spaces to accommodate specific tenant needs. Suite 1 offers direct access and high visibility to Henry Law Avenue. Suite 210 features a private patio ideal for outdoor seating. Convenient parking options include permit parking on Henry Law Avenue ($25/month), metered street parking on Central Avenue, and a nearby municipal garage. The property's strategic location offers easy access to the University of New Hampshire, downtown Portsmouth (a short drive away), and Boston (approximately an hour's drive). Public transportation is readily available via C&J Bus Lines and the Amtrak Downeaster. Additionally, approximately 2,500 square feet of storage space is available. This property presents a fantastic opportunity for businesses seeking a prominent location in a vibrant and thriving downtown area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,561,858
    6.5%
    $6,980,176
    7%
    $6,481,592
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,976,127
    Geo Method
    $5,976,127
  • Alternative Use

    Use
    Valuation
    Residential
    $8,655,419
    Hospitality
    $7,928,317
    Educational
    $6,596,266
    Medical
    $6,823,122
    Retail
    $10,260,859
333 Central Ave, Dover, New Hampshire

Location Insight

City
Dover
County
Strafford
State
New Hampshire
Latitude
43.1943
Longitude
-70.8742
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$164,261
$387,400
$8,396,600
$8,784,000
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