Commercial for Sale: 48-56 Market Street, Portsmouth, NH 03801

$7,700,000
$7,700,000
48-56 Market Street, Portsmouth, NH 03801
$7,700,000
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Price:
$7,700,000
$425,000 - 06/05/2024

Type Commercial
Taxes Paid $48,455

City Portsmouth
County Rockingham

MLS 4995814
Status Active
DOM 225 days
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.

Lot & Building Features

Utilities Cable, Multi Phone Lines, Gas - On-Site
Parking Description On Street, Paved, Parking Spaces 5 - 10, On-Site
Sewer Public
Tax Year 2023
Taxes Paid $48,455
Water Public
Basement Description Concrete Floor, Storage Space, Stairs - Interior
Lot Description City Lot, Street Lights, Sidewalks, Level
Roof Membrane, Shingle

Price History of 48-56 Market Street

Date Name Price Difference
06/05/2024 Price Adjustment $7,700,000 5.23%
04/02/2024 Listing Price $8,125,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 48-56 Market Street, Portsmouth, NH

Location Map Street View
Photo of Ling He
Ling He
Realtor
Direct: 805-284-8988
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Duston Leddy Real Estate, Peter Montesanto & Adam Dean 617-448-0072
$
20%
0.62928571428571%
6.75%
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Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
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48-56 Market Street (MLS #4995814) is a commercial listing located in Portsmouth, NH. This property was listed on 05/15/2024 and has been priced for sale at $7,700,000.

Nearby zip codes are 03081, 03802, 03854, 03903 and 03904. This property neighbors other cities such as Eliot, Kittery, New Castle, Newington and Rye.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Duston Leddy Real Estate

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/13/2024