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Listed by Gerry OConnell • KW Coastal and Lakes & Mountains Realty/Dover • Cell: 603-978-8381
Bought with Gail McCarthy • Real Estate Entrepreneur Network, LLC
Bought with Gail McCarthy • Real Estate Entrepreneur Network, LLC
$ 3,125,000
$ 3,250,000 3.8%
Est. payment | /mo
13,324 SqFt
$ 3,125,000
$ 3,250,000 3.8%
Est. payment | /mo
13,324 SqFt
Key Details
Sold Price $3,125,000
Property Type Commercial
Sub Type Investment,Office
Listing Status Sold
Purchase Type For Sale
Square Footage 13,324 sqft
Price per Sqft $234
MLS Listing ID 4849243
Sold Date 03/31/23
Year Built 1998
Annual Tax Amount $41,071
Tax Year 2020
Property Sub-Type Investment,Office
Property Description
INVESTMENT OPPORTUNITY FOR SALE - Rare Class A Medical Office Condominium Investment offering. Quality independent Condo Unit # 100 at the Hillside Medical Park offers 13,324+/- SF in a very convenient location just off Route 3. Hillside Medical Park is a 5 lot office park complex and is accessed from Route 11A, and very close to the junction with Route 3 (Laconia ByPass). There are 8 Condo units in this established Medical Office Park. Close to the Lakes Region General Hospital and convenient access for communities within the Lakes Region. Built in 1998 of structural steel and steel reinforced concrete frame with Brick, stone and glass exterior on concrete slab. Interior fit up is typical medical office with newer Class A finish. The Tenant is a well known Hospital Operator and started a 3 year lease term just over 1 year ago, with two 5 year options. They are partnered with the already established orthopedics practice. The Condo is perfect for Medical Office with reception areas, numerous exam rooms, numerous ADA accessible restrooms, individual restrooms tied to exam rooms, x-ray rooms with lead lined walls, office rooms and conference and training rooms. Electrical with Generator backup. Zoned Professional/ Commercial, allowed uses include office, medical office, Personal Services, and Retail (with 2,000 SF limit). Long term demand remains high for the area. The property benefits from an abundance of parking within the complex with the parking lot adjacent, and
Location
State NH
County Nh-belknap
Area Nh-Belknap
Zoning PC - Professional/Comm.
Interior
Equipment Smoke Detector, Sprinkler System
Exterior
Exterior Feature Brick, Glass, Stone
Parking Features On-Site, Paved
Garage Description On-Site, Paved
Utilities Available Gas - Underground, Underground Utilities
Roof Type Shingle - Asphalt
Building
Lot Description Level
Sewer Public
Water Public
