7 Works WaySomersworth, NH 03878

Property Details for 7 Works Way

Year built

2011

Construction

FRAME

Lot size

2.43 AC

Property size (Sq ft)

23,652 SF

Zone code

CI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SMSW M:61 B:14 L:0

APU

SMSWM61B14L0

Description

This exceptional two-story, 28,626 square foot medical office building presents a unique opportunity in Somersworth, NH's thriving Medical Mile. Located at 7 Works Way, this single-tenant property, built in 2011, sits on 2.43 acres and features approximately 25,804 square feet of vacant space. The building boasts a modern design with a welcoming post-and-beam entrance and a gas fireplace, creating a comfortable atmosphere for both patients and staff. The spacious interior includes 34+ exam/office rooms, multiple nursing stations, and generous waiting areas. A finished basement offers additional space, including a laboratory and classrooms, complete with walk-out access and a fenced outdoor area, potentially suitable for daycare services. The property is equipped with solar panels for energy efficiency and features central heating and air conditioning for year-round comfort. Ample on-site parking is available. The building is zoned C1 and has an APN of 61-140. Power is supplied by both solar panels and Eversource. Elevators are available for convenient access to both floors. This property offers an unparalleled opportunity for medical professionals seeking a modern and expansive facility in a prime location. The property's strategic location within the established Medical Mile ensures high visibility and accessibility for patients.

• CAP approach

  CAP return

  Valuation

  6%

  $5,748,262

  6.5%

  $5,306,088

  7%

  $4,927,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,787,733

  Geo Method

  $7,787,733

• Alternative Use

  Use

  Valuation

  Residential

  $4,475,884

  Hospitality

  $4,099,885

  Educational

  $3,411,056

  Medical

  $3,528,368

  Retail

  $5,306,088

Location Insight

City

Somersworth

County

Strafford

State

New Hampshire

Latitude

43.2502

Longitude

-70.9009

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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