List Price: $7,700,000 | $481 per sq.ft. Commercial
Space type
Date Listed Tuesday Apr 2, 2024 | MLS# 4995814


Address: 48-56 Market Street Portsmouth NH
Listed by Peter Montesanto Duston Leddy Real Estate Phone: 617-448-0072
Description:
Welcome to a historic gem nestled in the heart of Portsmouth! Presenting the former home of the Portsmouth Brewery, an esteemed icon of the city's landscape, this distinguished property offers a blend of rich history, prime location, and versatile commercial and residential spaces, making it an unparalleled investment opportunity. The property, located in Portsmouth, New Hampshire, boasts a mixed Commercial/Residential property. Constructed in the 1800's, the buildings feature a massive first floor with soaring ceilings, exposed brick walls, and original features. The residential aspect includes five apartments, comprising three spacious 2-bedroom units and two 1-bedroom units, with a penthouse unit above the Brewery boasting 14 ft ceilings. On the commercial side, two separate buildings offer over 9,000 sqft of total space, providing ample opportunities for various ventures, including retail, dining, or entertainment establishments, appealing to entrepreneurs and investors alike. The location is a highlight, situated in the vibrant heart of Portsmouth, surrounded by a bustling community and thriving businesses, with convenient access to amenities, transportation, and cultural attractions. Dedicated parking with 4-6 spots is available, alongside proximity to the Hanover St parking garage and additional street parking for patrons. Don't miss this rare opportunity to own a piece of Portsmouth's history and invest in its future.
Building Type : Development | Hospitality | Investment | Multi-Family | Office | Opportunity | Other | Retail

Sale Includes : Building Only

Features
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 0
Price Per SQ.FT. 480.98 No. of Units: 6
Building Size : 16009
Building Type: Development | Hospitality | Investment | Multi-Family | Office | Opportunity | Other | Retail

ExteriorRoof: Membrane | Shingle

InteriorBasement: Concrete Floor | Stairs - Interior | Storage Space

Land Information

Zoned: CD5
Garage And Parking: On-Site | On Street | Parking Spaces 5 - 10 | Paved
No. of Docks | 0.

UtilitiesElectric: 200 Amp
Utilities: Cable | Gas - On-Site | Multi Phone Lines
AC % | 0.

Additional Information
Taxes $48,455
Assesed Value Not Reported
Schools

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