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Presented by![]() Ellen Vincent |
Prime Medical/Retail space for Lease at a lighted intersection. Located at a lighted intersection on Lafayette Rd (Route 1) Portsmouth, this is an ideal opportunity to take advantage of a high traffic count location. This First Floor space can be medical as already set up, or Retail/ Restaurant, or Office. It may be easily adaptable with minimum change to a Cafe type use and has bathrooms already in place. As an office use, there are several rooms set up as exam or individual offices, and has a kitchenette, making it ideal for coworking space also. There is unfinished room for expansion of the current space at the rear. And may also be connected with adjacent unit for two Retail frontages and up to 5, 650+/-SqFt. Triple nets are estimated at $5 per SF. Electric and Heat are separately metered. Water/Sewer are prorated based on percentage of Square footage of the building. Space is Available from August 1, 2025. Let's get talking about how this space can meet your needs.
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.313.8862
Ellen.Vincent@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $22 | $22 | $22 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.