Surgical/Medical Center in Portsmouth, NH for Sale

Office for Sale
Catylist Listing ID: 30866115
Property Subtypes: Business Park, Medical
Condo? Yes
Building Size (RSF): 4,960 SF
Gross Building Area: See Agent
Sale Price: $1,595,000
Property Use Type: Vacant/Owner-User, Business
Building Name: Griffin Park Professional Building
Usable Size (USF): 4,960 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2024

Overview / Comments

Surgical/Medical Center in Portsmouth, NH for sale. For over 20 years, the facility was used for a highly successful plastic surgery practice and MediSpa. The owner recently retired and the property is now for sale. It's conveniently located off Interstate 95, 1 mile from Portsmouth Regional Hospital and close to downtown. This modern 5,000 square foot facility was previously State and Nationally accredited with two surgical suites, two pre-operative rooms, a recovery room, and 3 nurses stations.

The layout is highly efficient with a large light-filled lobby, a conference room, an administrator's office, a finance office, and a Doctor's/ Surgeon's office that can house 4 people. There are 4 patient examination rooms and a dedicated Medical Skin Care room. There is a kitchen, men's and women's locker rooms, 3 bathrooms, and so much more. The facility is in the first building within a popular medical park and has a highly visible signage as one enters the park.

The real estate includes a significant amount of furniture, fixtures and equipment, and a recently installed solar panel system at a cost of approximately $200,000.

Detailed Information:

Asking Price: $1,595,000

Facility: A 4,960 square foot modern brick building with a 2-story steel and glass tower in front. There are 29 rooms including 2 operating rooms, a recovery room, 2 pre-operative rooms, 3 bathrooms and one with a shower, staff kitchen, 2 locker rooms, a large reception area, 2 pre-operative rooms where patients meet with the anesthesiologist and surgeon, several offices and much more. The rooftop is covered with solar panels at a cost of nearly $200,000 which significantly reduces electrical costs. The building is right off Interstate 95 and within one mile of a regional hospital. The facility is part of a small condo association and has plenty of parking.

Seller Financing: AVAILABLE FOR AN APPROVED BUYER.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0263/ 0001/ 001B/ /
Is Condo?: Yes
Zoning: OFF CONDO MDL-06
Property Located Between: Griffin Road and Rt 33/Greenland Rd
Property Visibility: Good
Highway Access: Next to Interstate 95 exits, Adjacent to Route 33 and 5 minutes from Rt 101.
Airports: Portsmouth International Airport at Pease - 3 miles, Logan Airport - 53 miles, Manchester-Boston Regional - 47 miles, Portland International Jetport - 51 miles
Site Description: Located in a Medical office park and has one side of a freestanding building. It has opportunity for signing on the front, side and back of the building. There is large parking area in front and on the side of the building.
Area Description: The property is about one mile from the Portsmouth Regional Hospital and approximately an hour from Boston and Portland, Maine. It's only a few miles to downtown Portsmouth and directly off Interstate 95. It's a condo complex and the entire business park is very well maintained.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,960 SF
Year Built: 1998
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete
Parking Type: Surface
Parking Description: Plenty of on-site undesignated parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: 29 rooms including 2 operating rooms, 3 bathrooms and one with a shower, staff kitchen, 2 changing rooms, an imaging room, reception area, 2 waiting rooms for patients when receiving sedation, several offices and much more.
Zoning Description: OFF CONDO MDL-06
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,870 26,652 43,468
Median Age: 41.27 41.48 42.72
Households: 779 12,380 19,476
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