Newington Park

Retail: Mixed Use

2060 Woodbury Ave, NewingtonNH 03801

Property Details

Location

Address
2060 Woodbury Ave, NewingtonNH 03801
County
Rockingham
Submarket

Building Size

Building Size
Rentable Space
102,103 SF

Building Details

Type
 Retail: Mixed Use
Number of Buildings
4
Occupancy Type
Multi-tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
1970
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
14.29 Acres
Land (SF)
622,472 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
COMMERCIAL DISTRICT
Lot Depth
Lot Width
1 ft

Contacts

Current Listings

Commercial Development Investment Opportunity

102,103 SF$16,200,000
The Boulos Company

Unique Value Add Opportunity

?Three (3) separate parcels which provides flexibility .

?Prime site for long term redevelopment with multiple new build scenarios .

?Ability to collect current income while responding to market demands for redevelopment .

?Rare opportunity for a large scale redevelopment in one of the fastest growing seaside communities in the country.

Highly Assessible Location

?Easy access by car: right off the Spaulding Turnpike (Route 16) and I-95; only 60 miles northeast of Boston, Massachusetts, and 60 miles southwest of Portland, Maine .

?Pease International Tradeport and downtown Portsmouth are within one and two miles away .

?Easy access to public transit: ten minutes from the high speed Downeaster train to Boston, the C&J bus system (with direct routes to Boston and New York City) and local COAST transit system.

Tax Incentives

?New Hampshire is one of only four states in the country to have no sales tax .

?Newington, New Hampshire has one of the lowest property tax rates in the state, 38% lower than neighboring Portsmouth, New Hampshire and the lowest in the Seacoast (2020 tax rate is $9.34 per $1,000 valuation).

?New Hampshire has no income tax and is bordered by two states, Maine and Massachusetts, which have some of the highest income tax in the country.

The Boulos Company

Unique Value Add Opportunity

?Three (3) separate parcels which provides flexibility .

?Prime site for long term redevelopment with multiple new build scenarios .

?Ability to collect current income while responding to market demands for redevelopment .

?Rare opportunity for a large scale redevelopment in one of the fastest growing seaside communities in the country.

Highly Assessible Location

?Easy access by car: right off the Spaulding Turnpike (Route 16) and I-95; only 60 miles northeast of Boston, Massachusetts, and 60 miles southwest of Portland, Maine .

?Pease International Tradeport and downtown Portsmouth are within one and two miles away .

?Easy access to public transit: ten minutes from the high speed Downeaster train to Boston, the C&J bus system (with direct routes to Boston and New York City) and local COAST transit system.

Tax Incentives

?New Hampshire is one of only four states in the country to have no sales tax .

?Newington, New Hampshire has one of the lowest property tax rates in the state, 38% lower than neighboring Portsmouth, New Hampshire and the lowest in the Seacoast (2020 tax rate is $9.34 per $1,000 valuation).

?New Hampshire has no income tax and is bordered by two states, Maine and Massachusetts, which have some of the highest income tax in the country.

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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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