Mixed-Use Shell
For Sale
Contact for pricing
84 Pleasant Street, Portsmouth, NH 03801
Existing structure supports redevelopment into street-level commercial space with residential units above.
Property Size14,032 SF
Price / SF$124.71
Days on Market57
Property Features for 84 Pleasant Street
General Information
Standard status
Active
Size
14,032 SF
Class
C
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CD4
Investment Type
Redevelopment
Property Condition
Severity
Major Repairs Needed
Evidence
significant rehabilitation
Building Details
Year Built
1850
Buildings
1
Units
5
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
Listed By:
Nathan Dickey · License #NH 154118
Source:
Crexi
Added: Aug 25
Changed: Oct 6
Last Checked: Oct 19 at 6:19AM
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 Keller Williams Coastal and Lakes & Mountains Realty
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Investment Insights
Based on property information with market context.
Located at 84 Pleasant Street in downtown Portsmouth, this 14,032-square-foot mixed-use property comprises an existing shell requiring significant rehabilitation. The structure dates to 1850 and provides an established building framework for a comprehensive redevelopment project.
The CD4-zoned property is positioned within downtown Portsmouth, with access to restaurants, shops, galleries, entertainment, the waterfront, and year-round activity. The contemplated configuration places commercial space at street level with residential units above, subject to applicable approvals and redevelopment requirements.
The CD4-zoned property is positioned within downtown Portsmouth, with access to restaurants, shops, galleries, entertainment, the waterfront, and year-round activity. The contemplated configuration places commercial space at street level with residential units above, subject to applicable approvals and redevelopment requirements.
Key Highlights
- 14,032‑square‑foot mixed‑use property in downtown Portsmouth
- Existing shell structure offers a framework for significant rehabilitation
- CD4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,708
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,614,160
$2.6M
Cap Rate 7%
$1,867,257
$1.9M
Cap Rate 9%
$1,452,311
$1.5M
Market Conditions
NOI Build-Up for 14,032 SF
Gross rent
$227.3K $16.20/SF
− Vacancy
−$18.2K −$1.30/SF
EGI
$209.1K $14.90/SF
− OpEx
−$78.4K −$5.59/SF
NOI
$130.7K $9.32/SF
Area
Rockingham County, NH
Vacancy
8.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,614,160
Cap Rate 7%
$1,867,257
Cap Rate 9%
$1,452,311
Alternative Uses
Best Use
Mixed Use
$1.87M
$1.63M – $2.18M
NOI $130,708 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $327,015 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,422
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing structure supports redevelopment into street-level commercial space with residential units above.
Where is this mixed-use property located?
The property is located at 84 Pleasant Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14,032‑square‑foot mixed‑use property in downtown Portsmouth; Existing shell structure offers a framework for significant rehabilitation; CD4 zoning
