70 Maplewood Ave

Retail-Commercial for Sale
Catylist Listing ID: 30850409
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 9,330 SF
Gross Building Area: 92,500 SF
Sale Price: See Agent
Property Use Type: Investment
Building Name: 70 Maplewood
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2024

Overview / Comments

Introducing the newest Crown Jewel of Portsmouth, NH - the 9,330 SF Commercial Condominium at 70 Maplewood.

Nestled in the heart of downtown Portsmouth, this remarkable space is situated on the first floor of the highly anticipated 21 unit luxury residential condominium, set to break ground in September 2023. With a scheduled white box delivery in Q3 of 2024 and building completion in Q4 2024, this is a once-in-a-lifetime opportunity to own a piece of prime real estate in this thriving coastal town.

What sets this Commercial Condominium apart is its ideal suitability for a high-end restaurant. With Conceptual approvals in place for a restaurant(s) from +/-2,100 SF up to +/-9,330 SF that could potentially accommodate up to a +/-300 interior seat restaurant. Seasonal outdoor seating (with additional permits) opens up endless possibilities for creating an exceptional dining experience.

Perfectly positioned between five current and two future hotels, guaranteeing a steady flow of foot traffic and attracting visitors from near and far. This location boasts exceptional visibility and presence, making it the ultimate destination for locals and tourists alike.

Owners and staff can enjoy the convenience of four underground parking spaces, ensuring smooth and easy access to the establishment. Additionally, there are ten on-street parking spaces, with the added bonus of twelve adjacent property spaces available for valet parking after 5 pm on weekdays and throughout the weekends. For guests arriving by car, a 600-space public parking garage is just 400 feet away, further enhancing the accessibility of your restaurant.

Environmental consciousness meets culinary excellence with the incorporation of high-efficiency electric convection and induction commercial kitchen equipment and appliances, setting your restaurant apart as a sustainable and innovative choice.
The current design concept of this Commercial Condominium is just the beginning - our team is ready to work with you to bring your vision to life, allowing for complete customization to create a dining space that represents your unique style and brand.
Seize this exceptional opportunity to be part of Portsmouth’s culinary legacy. This is the last large restaurant opportunity in downtown, and it won’t be available for long. Don’t miss your chance to make a lasting impression on the vibrant culinary scene of Portsmouth, NH. Contact us now to secure your future in the heart of this thriving coastal town.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 125/17/3
Is Condo?: Yes
Zoning: CD5
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Deer Street and Vaughan Street
Property Visibility: Excellent
Largest Nearby Street: Deer Street
Feet of Frontage: 260
Highway Access: <2.0 miles to I-95, US Hwy 1 BYP, and to the Spaulding Trnpk
Airports: Portsmouth International Airport at Pease, MHT Boston Regional, Logan International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Excellent
Year Built: 2024
Roof Type: Flat
Construction/Siding: Steel Frame
Total Parking Spaces: 4
Parking Type: Structure, Surface, Underground, Other
Parking Description: Up to 4 spaces in underground garage in building. On-street & Potential for Valet nights & weekends. City Garage (Public): 400 feet away
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Lot Frontage: 260 Feet
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,713 26,118 45,500
Median Age: 40.73 42.16 42.84
Households: 5,116 12,383 20,592

Contact

Photograph of Listing Agent

Deane Navaroli

William & Reeves, LLC.
NECPE Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.