Iconic Waterfront Restaurant Business & Real Estate

Retail-Commercial for Sale
Catylist Listing ID: 30545367
Property Subtypes: Restaurant
Condo? Yes
Building Size (RSF): 3,040 SF
Gross Building Area: See Agent
Gross Land Area: 17,108 SF
Sale Price: $1,750,000
Property Use Type: Business
Usable Size (USF): 5,680 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/10/2020

Overview / Comments

Since 1975, Dining year 'round, this iconic seacoast restaurant has amazingly consistent annual sales and excellent customer ratings. An additional 80 outdoor seats are available in the summer months.

Expertly managed and inviting from a full service kitchen, friendly pub area, and intimate dining, the premises offers historic maritime features and a pleasant work environment.

The sale of the business offers a fully interactive website, the business name, historic artifacts, and vendor list. FF & E totals greater than $600,000

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $17,679 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Portsmouth, NH
Tax ID/APN: 0-00-0000
Is Condo?: Yes
Zoning: CD5
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Good
Airports: Boston Logan, Manchester, Pease Tradeport
Area Description: The seacoast of NH offers a destination for thousands of happy visitors over all four seasons and the subject restaurant provides the full service and friendly atmosphere to serve all of them.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1803
Construction/Siding: Brick
Total Parking Spaces: 28
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Engineered System
Lot Frontage: 000
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Access & typical Condomimium

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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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