238 Deer StPortsmouth, NH 03801
- Retail properties
- 4,000 SF
Property Details for 238 Deer St
- Year built
- 1951
- Construction
- STEEL FRAME
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 4,000 SF
- Zone code
- CD4
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- PRSM M:0125 B:0003 L:
- APU
- PRSMM0125B0003L
Description
This exceptional 3,000+ square foot retail or office condo presents a unique investment opportunity in the vibrant heart of Portsmouth, New Hampshire. Located at the highly visible corner of Deer and Bridge Streets, this first-floor space boasts unparalleled accessibility and visibility. Its strategic position places it directly across from the new Hyatt Hotel and a short walk from the convenient Foundry parking garage, ensuring high foot traffic and easy access for customers and employees. The property's proximity to Market Square further enhances its desirability, placing it within the bustling center of Portsmouth's commercial and social activity. The building itself features 21 residential units on the upper floors, creating a built-in customer base and contributing to a lively, thriving atmosphere. This newly constructed space offers a blank canvas for a wide range of businesses, from retail shops and boutiques to professional offices and service providers. The 0.14-acre lot provides ample space for outdoor signage and potential future expansion. This is a rare chance to acquire a turnkey commercial property in one of New Hampshire's most sought-after locations. The asking price is $1,500,000. Don't miss this opportunity to establish your business in a thriving downtown environment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $972,140
- 6.5%
- $897,360
- 7%
- $833,263
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,317,053
- Geo Method
- $1,317,053
-
Alternative Use
- Use
- Valuation
- Residential
- $756,956
- Hospitality
- $693,368
- Educational
- $576,874
- Medical
- $596,714
- Retail
- $897,360
Location Insight
- City
- Portsmouth
- County
- Rockingham
- State
- New Hampshire
- Latitude
- 43.0773
- Longitude
- -70.7623
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].