Downtown Retail Investment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30873344 |
| Property Subtypes: |
Restaurant, Other
|
| Condo? |
Yes |
| Building Size (RSF): |
2,940 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,950,000 |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/4/2024 |
Overview / Comments
Well-located investment property available for sale in the heart of downtown Portsmouth, NH. 2,940± SF retail condominium is 100% occupied with a long-term lease in place with Café Mediterráneo. Professionally managed with planned upgrades for the roof and fire alarm system; new HVAC system installed in 2024. Municipal parking is available at the High Hanover Garage just a block away and the Worth and Bridge Street lots are just steps away, and additional parking is available on the street or in the Foundry Place Garage.
Financials available with signed non-disclosure agreement.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Tax ID/APN: |
0126-0006-0000 |
| Is Condo?: |
Yes |
| Zoning: |
CHARACTER DISTRICT 5 |
| Retail Clientele: |
General, Business, Tourist |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Congress Street |
| Feet of Frontage: |
171 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1971 |
| Year Renovated: |
2023 |
| Heat Type: |
Natural Gas |
| Lot Frontage: |
171 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,213 |
27,268 |
43,375 |
| Median Age: |
40.65 |
42.04 |
42.94 |
| Households: |
4,910 |
12,918 |
19,637 |
|
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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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