Historic Waterfront Portsmouth Building With Parking

Multi-Family for Sale
Catylist Listing ID: 30648184
Property Subtypes: Mid-Rise, Mixed Use
Number of Units: 7 Units
Building Size (RSF): 8,262 SF
Gross Land Area: 0.25 Acres
Sale Price: $3,700,000
Unit Price: $528,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

Historic downtown waterfront mixed use building on the Piscataqua River. Fully tenanted four story building consisting of a first floor retail tenant and six apartments. Impressive views to the Piscataqua River and Kittery, Maine.
The improved lot includes 7 parking spaces and the abutting parking lot has an additional 10 spaces available to tenants which is a rare amenity in downtown Portsmouth.
This is a gateway building across the street from the City's large granite "Welcome to Portsmouth" sign. It is well positioned for redevelopment and expansion of the building due to the abutting vacant parking lot. There are several recent successful redevelopment projects in close proximity.
Located in Portsmouth’s central retail district and steps from Market Square, this building is near all amenities including renowned restaurants, coffee shops, art galleries, boutiques and entertainment venues.
Municipal parking is available at the High Hanover Street Garage just a block away and at the Foundry Place Garage which is less than a 10 minute walk away.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Portsmouth
Submarket Type: Central Business District
Tax ID/APN: Map 118, Lots 1 & 2
Zoning: CHARACTER DISTRICT 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 26,118 43,375
Median Age: 40.65 42.16 42.94
Households: 4,910 12,383 19,637
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