48-56 Market Street Portsmouth, NH $ 7,700,000
48-56 Market Street
$ 7,700,000
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48-56 Market Street

Portsmouth, NH, 03801
$ 7,700,000
Baths0.0 Sq 16,009

Monthly Estimate*

$ 51,177

Listed by Peter Montesanto, Duston Leddy Real Estate, 617-448-0072, peter@dustonleddycommercial.com
48-56 Market Street, Portsmouth, NH 03801 - Image 1
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Studio

Commercial Property for sale in Portsmouth, NH

for $7,700,000. This building is 16,009 square feet.

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.

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Commercial Active

Price

$ 7,700,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 48,455

Style

Development,Hospitality,Investment,Multi-Family,Of

Town/City

Portsmouth

County/Region

Rockingham

MLS | Web ID

4995814

Features
Interior
Basement Description Concrete Floor Stairs - Interior Storage Space
Basement Yes
Total Number of Units 6
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General
Road Frontage Yes
Sewer Public
Utilities Cable Gas - On-Site Multi Phone Lines
Roof Membrane Shingle
Parking On-Site On Street Parking Spaces 5 - 10 Paved
Zoning CD5
Status Active
Electric 200 Amp
Tax Year 2023
Area NH-Rockingham
Price Per Sq Ft Total 480.98
Tax Gross Amount 48455
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* Excluded Features
List By
Peter Montesanto

Listing Agent

Duston Leddy Real Estate

Broker

(617) 448-0072

Phone

peter@dustonleddycommercial.com

Email

Affordability Calculator

$55,215
Per Month
93%
7%
0%
Monthly Principal & Interest
$51,177
Monthly Property Taxes
$4,038
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
451920 Elementary School
452237 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2024$7,700,000 -5.23% Price Down
5/15/2024$8,125,000 Listed Price

Map


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48-56 Market Street, Portsmouth, NH, 03801 is a Commercial Property for sale at $7,700,000 with 16,009 sqft. 48-56 Market Street is a studio with 0.0 baths. The property's zip code is 03801 which is in Portsmouth, NH