157 Farm Lane In Portsmouth, New Hampshire: Wow!

PORTSMOUTH, NH — View this new listing in the city. Wow!

• Address: 157 Farm Ln, Portsmouth, New Hampshire
• Price: $2,100,000
• Square Feet: 4070
• Bedrooms:
• Bathrooms: 4 Baths
• Built: 1970
• Features: This fully-occupied, 3-building package is among one of the most visible and attractive parcels in the Region. A mixed-use property, two completely renovated residential buildings with studs out $600,000 renovation in the past 12 months. Commercial Parcel 1- Set back with nearly 60 feet of driveway access on Route 16 Spaulding Turnpike (North). There are major opportunities for a wide spectrum of future uses, currently leased w/option term, strictly commercial with more than 2,600 sq ft, possibly expandable, accessible via several entrances including a garage door, this building has high clearances and dedicated parking. The unequaled visibility will attract customers on an artery with over 47,000 cars per day. Building 2 is a mixed-use, containing a commercial tenant, w/option term, 1,300 sq ft on the first level and two new one-bedroom residential units on the second. Building #3 has two, two-bedroom units. All residential units on the property have been updated to a new status. The residential units have over 10 dedicated parking spaces with additional parking in the front for both commercial tenants. With residential rentals in high demands, this property package offers an owner diversity through income streams and an opportunity to own property within a couple hundred yards of NH's busiest traffic circles. 1031 Exchanges welcome. Future commercial redevelopment, commercial ground lease, residential condo conversion, are all potential options.

This listing originally appeared on realtor.com. For more information and photos, click here.