Catylist ID:
#30850409
| 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: | 7/19/2024 |
Overview / Comments
|
In the heart of downtown Portsmouth, this remarkable space is on the first floor of the highly anticipated 16 unit luxury residential condominium, now under construction With a scheduled white box delivery in Q4 of 2024 and building completion in Q2 2025, this is a rare opportunity to own a piece of prime real estate in this thriving coastal town. What sets this opportunity apart is its ideal suitability for a high-end restaurant. With Conceptual approvals in place for a restaurant(s) from +3,000 SF up to +13,000 SF that could potentially accom-modate up to a +300 interior seat restaurant. Seasonal outdoor seating (with additional permits) opens up possibilities for creating an exceptional dining experience. Owners and staff can enjoy the convenience of up to four underground parking spaces, ensuring easy access. 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. 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. Whether designed and constructed to accommodate a restaurant, retail, financial, consumer or professional service use, our team is ready to work with you to create a completely customized space for your business. |
Attachments & Media
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 |
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
Deane NavaroliWilliam & 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. |
