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Downtown Restaurant With Outdoor Dining
New
For Lease
$19 SF/Yr

22 Market Square Unit 1, Portsmouth, NH 03801

Historic Market Square restaurant premises with substantial interior seating and an outdoor dining component.

Space SizeContact for details
Days on Market3

Property Features for 22 Market Square Unit 1

General Information

Standard status Active

Restaurant

Seating Capacity 165
Patio Yes

Additional Details

Space Use Restaurant

Building Details

Year Built 1803
Listing Agency: Compass New England, LLC
Listed By: Robert Marchewka
Source: Megansellsnh
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 3:07PM

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 restaurant property occupies a historic building constructed in 1803 at Market Square in Portsmouth. The premises offer seating for 165 guests along with outdoor dining, creating a substantial hospitality configuration for restaurant operations.

The building has also served as a bank and previously operated as an Irish pub, providing a distinctive setting for a restaurant or pub concept. The property is located at 22 Market Square, Unit 1, Portsmouth, NH 03801.

Key Highlights

  • 165 seats with outdoor dining
  • Historic building constructed in 1803
  • Located at 22 Market Square, Unit 1

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Historic Market Square restaurant premises with substantial interior seating and an outdoor dining component.
Where is this conventional restaurant located?
The property is located at 22 Market Square Unit 1 Portsmouth, NH.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: 165 seats with outdoor dining; Historic building constructed in 1803; Located at 22 Market Square, Unit 1
More about this property
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