259 Route 108Somersworth, NH 03878

Property Details for 259 Route 108

Year built

1995

Construction

FRAME

Lot size

2.08 AC

Property size (Sq ft)

7,363 SF

Zone code

CI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SMSW M:46 B:4D L:0

APU

SMSWM46B4DL0

Description

This exceptional 8,240 square foot medical office building is situated on a 2.08-acre lot in Somersworth, New Hampshire's thriving "Medical Mile," conveniently located near Wentworth Douglass Hospital and Frisbie Memorial Hospital. The building boasts a modern design and offers significant potential for future development. Currently configured as a single unit, it presents a unique opportunity to create two medical condominiums, one approximately 3,095 square feet and the other approximately 5,145 square feet. This flexible layout caters to a variety of healthcare practices and allows for customized space configurations to meet individual needs. In addition to the main office space, a substantial 2,930 square foot dry basement provides ample storage capacity. The property is available for both sale and lease, presenting a compelling investment opportunity for those seeking a prime location within a well-established medical corridor. The strategic location and modern amenities make this property an ideal choice for healthcare professionals and investors alike. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,789,466

  6.5%

  $1,651,815

  7%

  $1,533,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,424,365

  Geo Method

  $2,424,365

• Alternative Use

  Use

  Valuation

  Residential

  $1,393,368

  Hospitality

  $1,276,317

  Educational

  $1,061,881

  Medical

  $1,098,401

  Retail

  $1,651,815

Location Insight

City

Somersworth

County

Strafford

State

New Hampshire

Latitude

43.2539

Longitude

-70.8976

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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