110 CHAPEL STREET Portsmouth, NH 03801 | Commercial Sale | Other
$1,656,000 ![]()
Listing Courtesy of
Paul McInnis LLC
Description
AUCTION (listed price is assessed value not auction price) Downtown Private Office with Parking Online-only auction ends: Wednesday, November 2nd at 3:00 p.m. A 2.5 story, 4,988 sq.ft. New England Colonial on a .17 acre parcel that has been completely remodeled to include a full kitchen and private offices. The property is centrally located in downtown, includes eight parking spots and abuts a small municipal lot for additional parking. The remodel included all new electrical, plumbing, sprinkler system, and air conditioning throughout and radiant heat under the driveway and patio area. The first, second and third floors are currently leased to an office tenant with an option for new owner to cancel the lease.. The basement apartment includes a full kitchen, living room and two bedrooms and is currently leased. The structure could easily be converted for residential use. Inspection: By appointment only, October 20th and 27th. Terms: A $25,000 deposit by check or e-check will be delivered to the auction company as a qualification to bid. Successful bidder to deliver earnest money totaling 10% of the total purchase price no later than November 3rd with the balance due at closing within 45 days of the auction. A 7% Buyer’s Premium will be added to the high bid price to become the total purchase price. Property is being sold free and clear of all liens by Warranty Deed. Subject to confirmation of the seller. Delayed showing start Oct 20 by appointment
