iHeartMedia

Office: General

815 Lafayette Road, PortsmouthNH 03801

Property Details

Location

Address
815 Lafayette Road, PortsmouthNH 03801
County
Rockingham
Submarket
Parcels
0245-0003-0000

Building Size

Building Size
13,362 SF
Rentable Space
13,362 SF

Building Details

Type
 Office: General
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
2
Year Built
1962
Year Renovated
2001
Sprinklers
Total Parking
47
Parking Ratio
3.5

Land & Utilities

Land (Acres)
21.5 Acres
Land (SF)
936,540 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
GATEWAY CORRIDOR
Lot Depth
Lot Width
247 ft

Contacts

Current Listings

Multifamily or Commercial Site

13,362 SF$3,670,000
Colliers International | New Hampshire

We are pleased to present a 13,362± SF office building, currently fit-up as a radio station with administrative offices, on 21.50± acres for sale on busy Lafayette Road with an estimated traffic count of 23,000± VPD per NHDOT 2019. Great redevelopment opportunity with 3.7± acres of developable uplands and potential uses including a car dealership, housing development, medical building, recreation complex, and more. The Gateway Corridor Zone allows for many uses including multifamily, commercial recreation/fitness club, office and/or medical office, shopping center, and restaurant. Property includes 2 towers, a 492’ broadcast tower and a 217’ radio tower. The broadcast tower’s leasehold value has been sold and there is no revenue from the radio tower. There is a maintenance easement for the towers and most of the driveway is within the easement. A double sided billboard on Route 1 is included in the sale and has an annual net operating income of approximately $66,000. Excellent location on a thriving commercial corridor within close proximity to downtown Portsmouth and I-95.

Colliers International | New Hampshire

We are pleased to present a 13,362± SF office building, currently fit-up as a radio station with administrative offices, on 21.50± acres for sale on busy Lafayette Road with an estimated traffic count of 23,000± VPD per NHDOT 2019. Great redevelopment opportunity with 3.7± acres of developable uplands and potential uses including a car dealership, housing development, medical building, recreation complex, and more. The Gateway Corridor Zone allows for many uses including multifamily, commercial recreation/fitness club, office and/or medical office, shopping center, and restaurant. Property includes 2 towers, a 492’ broadcast tower and a 217’ radio tower. The broadcast tower’s leasehold value has been sold and there is no revenue from the radio tower. There is a maintenance easement for the towers and most of the driveway is within the easement. A double sided billboard on Route 1 is included in the sale and has an annual net operating income of approximately $66,000. Excellent location on a thriving commercial corridor within close proximity to downtown Portsmouth and I-95.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: NECPE

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