Prestigious downtown Portsmouth Building- State Street-Fully Leased
Retail-Commercial
for Sale
| Catylist Listing ID: |
30766078 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Other
|
| Building Size (RSF): |
8,730 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,950,000 |
| Unit Price: |
$337.92 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Business |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/25/2023 |
Overview / Comments
|
Here is an amazing opportunity to own one of Portsmouth's landmark buildings. This 8,000+ sq ft building has seen major renovation within the last 2 decades and stands prominently on one of downtowns busiest corners. This building consists of 2 units spanning 4 floors. The basement and first two levels are a very successful restaurant with long term NNN lease in place. The top floor is a very large 3 bedroom apartment with superb views of the Piscataqua river and the bustling city below. This building has had all of its charm and historical character retained and preserved beyond imagination and it is overwhelmingly apparent throughout its entirety. Endless exposed brick, extra wide-plank wood flooring and rustic hand hewn wooden beams serve this property with both the robust structure to endure centuries but the visual aesthetic that appeals to all. Showings begin October 11th by appointment only. Signed NDA required before documents will be shared or showings scheduled. CDC guidelines are still being adhered to. Masks required by all. Commission will be based on net sales price less any seller paid concessions.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Tax ID/APN: |
0107-0052-0000 |
| Zoning: |
CD-4 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
State St & Islington |
| Feet of Frontage: |
100 |
| Highway Access: |
Nearby |
| Airports: |
Nearby |
| Site Description: |
Public, city street, corner lot, high traffic, high foot traffic, high visibility |
| Area Description: |
Public, city street, corner lot, high traffic, high foot traffic, high visibility |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Property Condition: |
Excellent |
| Year Built: |
1814 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick/Vinyl Siding |
| Total Parking Spaces: |
2 |
| Parking Type: |
Surface |
| Parking Description: |
Tandem behind building |
| Passenger Elevators: |
1 |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
CD-4 Rest/clubs |
| Lot Frontage: |
100 approx |
| 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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