Prime South End Mixed-Use Property with Water Views

Retail-Commercial for Sale
Catylist Listing ID: 30873042
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 1,481 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $1,080 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2024

Overview / Comments

Prime Mixed-Use Property with Waterviews in Historic South End, Portsmouth, NH. Welcome to a unique investment opportunity in the heart of Portsmouth's charming South End! This 2-story property boasts a perfect blend of commercial and residential spaces, making it an ideal choice for entrepreneurs and investors alike. Situated next door to Sanders Fish Market, this property is at the epicenter of South End's vibrant community. Enjoy the convenience of being steps away from the bustling Farmer's Market, Prescott Park, historic Strawbery Banke, and all the cultural and culinary delights Portsmouth and the Seacoast have to offer. The ground level features a versatile commercial shop space, perfect for retail, food service, a boutique, or an office. With high foot traffic and excellent visibility, your business will thrive in this prime location. The second story hosts a charming 1-bedroom apartment with water views of the picturesque Piscataqua River, an ideal location perfect for an owner-occupant or as a desirable rental unit. This property seamlessly blends historic character with modern amenities. The South End's historic appeal, combined with the property's well-positioned corner location, ensures a unique opportunity to be a neighborhood hot spot. From dining and shopping to parks and waterfront activities, everything you need is within walking distance. The vibrant community and lively atmosphere make this location highly sought after. PRE-INSPECTED. Shown By Appointment. Wine business does not convey but may consider selling separately. NH MLS# 4997299

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0102-0026-0000
Zoning: WB
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: South Street
Site Description: Corner Exposure
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1800
Construction/Siding: Wood Siding
Parking Type: Other
Parking Description: On Street
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: First Floor is currently being rented by a wine and cheese shop. Has kitchen area and half bathroom. Second floor is a 1-bedroom/1-bath apartment with separate kitchen, living room and office. Property was converted into 2 units from single-family. Apartment access is through the interior of the shop.
Zoning Description: Waterfront Business
Lot Frontage: 40 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,205 27,268 41,611
Median Age: 40.99 42.04 42.85
Households: 3,918 12,918 18,957
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