Vermont and New Hampshire Real Estate

Vermont and New Hampshire Real Estate


199 Constitution Ave., Building #2 Portsmouth, NH 03801

Price Upon Request

MLS# 4617836

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Patti Visconte

Listed by Bhg Masiello Hampton

About this property

Hard to find 6,050 of prime warehouse/industrial space in desirable Portsmouth location! Ample parking and signage. 3-phase power, 2 LOADING DOCKS and high-bay ceiling. General Business zoning perfect for many uses! Town water, sewer and natural gas heat. Property located in Portsmouth ECONOMIC 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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