Portsmouth Restaurant Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30495439
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 5,930 SF
Sale Price: $1,250,000
Unit Price: $210.79 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2019

Overview / Comments

Opportunity to purchase the iconic Golden Egg restaurant property, Located just minutes from downtown Portsmouth, Newcastle and Rye this seacoast breakfast and lunch establishment has been a destination for locals and visitors for over 35 years. The property consists of the 48-seat restaurant with all furniture, fixtures and equipment, a +/-1,200sf retail space and a 3-bedroom second floor apartment overlooking Sagamore creek. The 1 acre property can be redeveloped as commercial, residential or mixed-use. Currently on private septic, municipal sewer service will be available by 2022.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $11,410 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0201-0002
Zoning: MRB
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 195
Traffic/Vehicle Count: 6,500
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1970
Parking Type: Surface
Lot Frontage: 195
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,954 29,466 40,999
Median Age: 43.82 41.52 43.07
Households: 1,693 13,851 18,797
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