Downtown Portsmouth Restaurant - Turnkey
Retail-Commercial
for Lease
| Catylist Listing ID: |
30863090 |
| Property Subtypes: |
Restaurant
|
| Contiguous Space: |
6,743 SF |
| Gross Building Area: |
13,679 SF |
| Lease Rate: |
$25 PSF (Annual)
|
| Base Monthly Rent: |
$14,047 |
| Lease Types: |
NNN |
| Last Updated: |
3/28/2024 |
Overview / Comments
|
Welcome to 111 State Street, the former location of Sol Restaurant. The location has excellent exposure to traffic on State Street, Prescott Park, Strawberry Banke and the waterfront. The space is currently under renovation to create a more functional layout on the main level with the addition of an elevator that will allow a tenant to deliver and store items to the lower level with ease. There is approximately 1,647 SF on the lower level which consists of a large walk-in, pantry storage, manager's office, and employee locker area. On the main level, you will find a fully equipped, updated kitchen with fire suppression system, brand new walk-in cooler off of the kitchen space, three bathrooms, four dining areas, large bar, and beautiful large windows that open up to State Street encompassing 4,670 SF. Owner is willing to work with new tenant on custom finishes. Under the current plans, the floor plan allows for approximately 98 seats total. This location has been approved for outdoor dining, and has the possibility of expanding service on to Chapel Street. Tenant to complete due diligence.
|
| Level/Floor: |
1 |
| Space Available: |
6,743 SF |
| Lease Rate: |
$25 PSF (Annual)
$14,047 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Welcome to 111 State Street, the former location of Sol Restaurant. The location has excellent exposure to traffic on State Street, Prescott Park, Strawberry Banke and the waterfront. The space is currently under renovation to create a more functional layout on the main level with the addition of an elevator that will allow a tenant to deliver and store items to the lower level with ease. There is approximately 1,647 SF on the lower level which consists of a large walk-in, pantry storage, manager's office, and employee locker area. On the main level, you will find a fully equipped, updated kitchen with fire suppression system, brand new walk-in cooler off of the kitchen space, three bathrooms, four dining areas, large bar, and beautiful large windows that open up to State Street encompassing 4,670 SF. Owner is willing to work with new tenant on custom finishes. Under the current plans, the floor plan allows for approximately 98 seats total. This location has been approved for outdoor dining, and has the possibility of expanding service on to Chapel Street. Tenant to complete due diligence.
*Please see attached document outlining photo inventory of all new kitchen equipment provided by Lessor! |
| Date Available: |
4/1/2024 |
| Space Type: |
New |
| Tax Expenses |
$19,583 PSF (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Taxing Authority: |
City of Portsmouth |
| Tax ID/APN: |
0107/ 0050/ 0000 |
| Zoning: |
CD4 - CHARACTER DISTRICT 4 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist |
| Property Located Between: |
On corner of State Street and Chapel Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
State Street |
| Feet of Frontage: |
72 |
| Traffic/Vehicle Count: |
5,483 |
| Highway Access: |
Route 1, Route 1A, and I95 within one mile. |
| Airports: |
Portsmouth, Boston, Portland, Manchester |
| Site Description: |
Historic building on charming street with views of the Memorial Bridge and Prescott Park |
| Area Description: |
Portsmouth, NH is located on the seacoast of NH, bordering Maine. A bustling tourist destination with 21,956 permanent residents, Portsmouth is known for its incredible restaurant and nightlife offerings. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Property Condition: |
Excellent |
| Year Built: |
1814 |
| Year Renovated: |
2024 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Historic Brick Building |
| Parking Type: |
Other |
| Parking Description: |
Street parking available on State Street, Chapel, etc. and at the nearby Memorial Bridge Lot. |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Fiber Optic |
| Interior Description: |
Currently under renovation. |
| Zoning Description: |
Character District 4, Historic District Overlay |
| Lot Frontage: |
72.36 |
| Lot Depth: |
53.83 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,213 |
28,228 |
41,611 |
| Median Age: |
40.65 |
42.05 |
42.85 |
| Households: |
4,910 |
13,306 |
18,957 |
|
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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.
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