238 Deer StPortsmouth, NH 03801

  • Retail properties
  • 4,000 SF
For Sale
$1,500,000 View listing

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
238 Deer St, Portsmouth, New Hampshire

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,058
$631,900
$735,600
$1,367,500
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-
-
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