Portsmouth Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30478020
Property Subtypes: Restaurant
Building Size (RSF): 1,760 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $239,000
Unit Price: $135.80 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/20/2020

Overview / Comments

With a liquor license to sell beer and wine, a new owner easily could include hard liquor. Equipment includes a pizza oven, walk-in cooler, 16-foot hood, fry-o-later, stove top, plenty of extra coolers and freezers, and an updated A/C system in the last 18 months. The business comes with a lease at $3,000/mo NN for the next 6 years with a 5-year option. Tenant to take over lease.

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Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 292-31-00
Zoning: MRB - MIXED RESIDENTAIL/BUSINESS
Retail Clientele: General, Business, Traveler, Other
Property Visibility: Good
Airports: Pease International Tradeport, Logan Airport
Area Description: Portsmouth, the third oldest city in the nation, is a small city with long history with historic buildings and scenic landscape. Portsmouth boasts a vibrant cultural scene. Some of the landmarks are the Strawberry Banke Museum, the Music Hall, and the New Hampshire Film Festival. This city has more restaurant seats than people as it draws from many communities. Water Country Water Park is right by and this location has nearby access at Oridorne Point State Park and Hampton Beach State Park.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1960
Construction/Siding: Other
Exterior Description: Clapboard exterior
Total Parking Spaces: 13
Parking Type: Surface
Air Conditioning: Engineered System
Zoning Description: Mixed residential/business
Lot Frontage: 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,692 27,268 41,786
Median Age: 41.78 42.04 42.78
Households: 5,379 12,918 18,988
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