The property is a well maintained, two story, bank/office building totaling 16,000+/- SF. Constructed in 1955, the property consists of 12,000+/- SF of first floor bank branch/office space, 4,000+/- SF of second floor office space, and a partially finished basement. The building is heated by an oil-fired boiler supplying hot water to a forced hot air system. Two, 275 gallon storage tanks and boiler are located in the basement. Air conditioning is supplied through a central system. The property is serviced by a 400 amp electrical entrance and is fully sprinklered. The property is within walking distance of Portsmouth's Central Business District, District Court, and numerous other municipal buildings. Lease agreement, rental rate, and option periods with Citizens Bank are disclosed in the Due Diligence Package. This is the perfect opportunity for the investor desiring a well maintained property with a solid, AAA credit anchor tenant in place.
Site Area: 51,834 +/- SF (1.19 acres)
Year Built: 1955/ Renovated 1989
Number of Floors: 2
Zoning: MRO/Historical
Building Construction: Brick/Granite Facade
Parking Spaces: 29
Directions from Boston: Take 95 North to Portsmouth, NH Exit 5. At Portsmouth Circle follow signs to Route 1 North. Proceed .4 miles and exit onto Maplewood Avenue. Turn right towards downtown Portsmouth. Travel .6 miles; turn left on to State Street. Proceed .2 miles to Pleasant Street. Turn right. Continue to Court Street. Property will be located to the right.
November 18, 1997 9:00 AM – 10:30 AM
December 2, 1997 9:00 AM – 10:30 AM