119 Congress StPortsmouth, NH 03801

Property Details for 119 Congress St

Year built

1971

Construction

FRAME

Property size (Sq ft)

2,932 SF

Zone code

CD5

Property type

Other commercial real estate

APN

PRSM M:0126 B:0006 L:103

APU

PRSMM0126B0006L103

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $554,849

  Hospitality

  $508,239

  Educational

  $422,849

  Medical

  $437,391

  Retail

  $657,765

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0763

Longitude

-70.7599

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].