238 Deer StPortsmouth, NH 03801

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

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.

• 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

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