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199 Constitution Avenue AvenuePortsmouth, NH 03801Lease Price: $8

  • Lease Price: $8
  • 38 Days on Market
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Federal 30-year interest rate: 2.87% last updated on Sep 17, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3,000Square Feet

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Listed by Patti Visconte of The Masiello Group Commercial Associates-Hampton
Hard to find 3,000 of prime warehouse/industrial space in desirable Portsmouth location! Ample parking and signage. 3-phase power, loading dock and high-bay ceiling. General Business zoning perfect for many uses! Town water, sewer and natural gas heat. Property located in Portsmouth EECONOMIC REVITALIZATION ZONES (ERZ). Possible tax credits of up to $200,000 available! OVERVIEW The City of Portsmouth has three economic revitalization zones (ERZ). The ERZ designation is an economic development tool allowed by state statute that creates incentive for companies to expand or relocate to an eligible area. Projects in an approved zone must create new jobs and expand the economic base and can range from the creation of new facilities to the rehabilitation of existing structures. State approval of ER Zones qualifies businesses expanding or relocating in these ER zones for tax credits outlined in RSA 162-N:8. Under the provisions of this statute, businesses in an approved ER Zone may be eligible for tax credits to be used against Business Profit Tax and Business Enterprise Tax up to a maximum of $40,000 annually for a five year period. Below is a summary of the current ERZ areas in Portsmouth.

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 18, 2020.

 

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