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Downtown Restaurant in Historic Bank Building
For Lease
$19 SF/Yr

22 Market Square, Portsmouth, NH 03801

Restaurant space in a former bank building with capacity for 165 seats and outdoor dining.

Space SizeContact for details
Days on Market221

Property Features for 22 Market Square

General Information

Standard status Active

Building Details

Year Built 1803
Listing Agency: Compass New England,LLC
Listed By: Robert Marchewka
Source: Harborlightrealty
Added: Jan 24 Changed: Aug 31 Last Checked: Sep 1 at 8:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass New England,LLC

Investment Insights

Based on property information with market context.

This downtown restaurant is located in an iconic former bank building at Market Square. The property is suited for food and beverage concepts and features interior seating for approximately 165 guests, along with outdoor dining space.

The offering is tied to Portsmouth’s Market Square address, placing the space within the established downtown dining environment. The building has operated as a restaurant previously, including as an Irish pub.

With its combination of sizable dining capacity and outdoor dining, the space can support operators looking for a full-service restaurant footprint. The historic bank-building setting provides an existing restaurant use profile, including the ability to accommodate guest seating both indoors and outside, based on the stated 165-seat interior capacity and outdoor dining availability.

Key Highlights

  • Former bank building in Portsmouth’s Market Square with restaurant space
  • Capacity for 165 seats inside
  • Includes outdoor dining

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Butcher Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,602
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 64% Shops & Services 24% Dining 10% Home Improvements & Furnishings 3%
Hilton Garden Inn Portsmouth Downtown Hotels & Casinos
12,451 visits/mo 0.1 miles
Hampton Inn & Suites Portsmouth Hotels & Casinos
9,382 visits/mo 0.2 miles
Residence Inn Portsmouth Downtown/Waterfront Hotels & Casinos
8,761 visits/mo 0.2 miles
Sheraton Portsmouth Harborside Hotel Hotels & Casinos
8,034 visits/mo 0.3 miles
La Carreta Dining
5,807 visits/mo 0.1 miles

Demographics for 03801, NH

22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space in a former bank building with capacity for 165 seats and outdoor dining.
Where is this conventional restaurant located?
The property is located at 22 Market Square Portsmouth, NH.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Former bank building in Portsmouth’s Market Square with restaurant space; Capacity for 165 seats inside; Includes outdoor dining
More about this property
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