For Sale
$1,950,000

119 Congress StPortsmouth, NH 03801

Downtown NH Restaurant; Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,940 square foot retail condominium located in the vibrant heart of Portsmouth, New Hampshire. Currently 100% occupied by Café Mediterráneo under a long-term lease, this single-unit property offers a secure and stable income stream. The building, constructed in 1971 and extensively renovated in 2023, boasts a newly installed HVAC system (2024) and is situated within Portsmouth's Character District 5 zoning. Planned upgrades include roof and fire alarm system improvements, ensuring the property remains well-maintained and compliant. The property's prime location provides easy access to ample municipal parking options, including the nearby High Hanover Garage, Worth and Bridge Street lots, and street parking, as well as the Foundry Place Garage. Detailed financial information is available upon execution of a non-disclosure agreement. This is a rare chance to acquire a thriving, well-located restaurant property in a desirable New Hampshire market. The property is offered as a net lease (NNN) investment, making it an attractive option for passive income seekers. The single-story building is part of a larger complex and offers a strong return on investment. Don't miss this opportunity to own a piece of Portsmouth's thriving culinary scene.

Highlights

  • $1,950,000 asking price for a 2,940 SF retail condo in downtown Portsmouth, NH.
  • 100% occupied by Café Mediterráneo with a long-term lease.
  • Recently installed HVAC (2024), with planned roof and fire alarm system upgrades.
  • Abundant nearby municipal parking options.
  • Financial details available upon signing a non-disclosure agreement (NDA).

Property Details for 119 Congress St

Property type
Retail properties, Restaurants
Square Feet
2,940 SF
Year Built/Renovated
1971/2023
Buildings
1
Stories
1
Units
1

Location Insight

City
Portsmouth
County
Rockingham
State
New Hampshire
Latitude
43.0762976
Longitude
-70.760009
119 Congress St, Portsmouth, New Hampshire

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119 Congress St
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