3,200 +/- SF Office For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30623196
Property Subtypes: Post Office, Retail-Pad
Condo? Yes
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $300,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: Ferns Crossing - Route 1
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 4/2/2021

Overview / Comments

At Ferns Crossing, a high traffic neighborhood plaza on Route 1 in North Hampton, is a 3,200 +/- sf condo unit for sale. The unit includes 4 separate office suites, a shared kitchenette, 2 newly renovated bathrooms, wood vinyl flooring and fresh new paint. New roof installed this year. Short term leases allow this property to be purchased for owner-occupancy or investment property.

The property has excellent signage on Route 1 and ample onsite parking. Located next to Dunkin Donuts drive-through, TD Bank and across from a 280,000 +/- sf mall with 18,000 VPD traffic count.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: Map 7, Lot 115-U06
Is Condo?: Yes
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Portsmouth and Hampton
Property Visibility: Excellent
Largest Nearby Street: Route 1
Feet of Frontage: 100
Traffic/Vehicle Count: 18,000
Highway Access: Interstate 95
Site Description: Professionally landscaped and well-managed plaza on Route 1 with two curb cuts.
Area Description: Directly across from a 280,000 +/- SF Mall with anchor tenants including Home Depot, Shaws and Marshalls. Property also abuts Dunkin Donuts and TD Bank.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Roof Type: Gable
Construction/Siding: Vinyl Siding
Total Parking Spaces: 106
Parking Type: Surface
Parking Description: Ample, on-site
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Wall Units, Ceiling Units
Air Conditioning: Engineered System, Package Unit
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,653 42,986
Median Age: 46.9 45.17
Households: 8,750 18,108
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.