137 Portsmouth AveStratham, NH 03885

Property Details for 137 Portsmouth Ave

Year built

2001

Lot size

1.67 AC

Property size (Sq ft)

8,215 SF

Zone code

TC T

Property type

Showrooms

APN

STRH M:00017 B:000036 L:000000

APU

STRHM00017B000036L000000

Description

This exceptional 7,607 square foot medical office building presents a unique opportunity in the thriving town of Stratham, New Hampshire. Located at 137 Portsmouth Avenue, this turn-key property boasts high visibility and benefits from significant daily traffic, averaging approximately 5,143 vehicles per day. The building's design and current setup are ideal for immediate occupancy and the commencement of medical practice, offering a seamless transition for established businesses or a perfect platform for new ventures. The property's strategic location ensures easy access for patients and clients, maximizing convenience and exposure. Beyond its operational advantages, this property offers substantial investment potential. The existing structure provides a strong foundation for generating rental income, making it an attractive option for investors seeking a stable and potentially lucrative return. Whether you're a medical professional looking to establish a thriving practice or an investor seeking a high-yield property, this Stratham office building presents a compelling opportunity. The property is situated on a 0-acre lot and is priced at $2,325,000. This is a rare chance to acquire a well-positioned, ready-to-use medical office building in a desirable New Hampshire location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,996,532

  6.5%

  $1,842,952

  7%

  $1,711,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,704,897

  Geo Method

  $2,704,897

• Alternative Use

  Use

  Valuation

  Residential

  $1,554,599

  Hospitality

  $1,424,005

  Educational

  $1,184,755

  Medical

  $1,225,501

  Retail

  $1,842,952

Location Insight

City

Stratham

County

Rockingham

State

New Hampshire

Latitude

43.0242

Longitude

-70.9167

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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