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    45 Pearl St Portsmouth, NH 03801

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    For Sale
    Contact for pricing

    7,200 SF, 3 Units, NNN Lease

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A executive office building, "The Pearl," presents a unique investment opportunity in Portsmouth, New Hampshire's vibrant West End. Situated at 45 Pearl St, this historic landmark, originally built in 1851 and extensively renovated in 2018, boasts 7,200 square feet across three stories within a single building on a 0.08-acre lot. The property features stunning architectural details, including original tin ceilings, pillars, balconies, and beautiful two-story stained-glass windows, remnants of its past as a Free Will Baptist church and later, New Hampshire's first African-American church. Modern updates include central air conditioning, a sprinkler system, and updated kitchens and bathrooms. Currently configured as a large office space with two one-bedroom apartments, the property offers significant flexibility. The layout allows for various uses, including potential conversion to full residential use, catering to a wide range of buyers. Its prime location offers easy access to downtown Portsmouth and the Foundry Garage. This is a rare chance to own a piece of Portsmouth history with significant upside potential. The property is offered as a Triple Net (NNN) lease.

    Property Features for 45 Pearl St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,200 SF
    Class
    A
    Lot Size
    3,485 SF

    Building Details

    Year Built/Renovated
    1851/2018
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • 7,200 SF Class A office building for sale in Portsmouth, NH.
    • Located at 45 Pearl St, in the West End, steps from downtown.
    • Three‑story building, built in 1851, renovated in 2018, on a 0.08‑acre lot.
    • Features original architectural details including tin ceilings, pillars, balconies, and stained glass, combined with updated kitchens, baths, central air, and a sprinkler system.
    • Currently configured as office space with two one‑bedroom apartments; potential for residential conversion.
    • NNN lease type.
    Property Profile Location Intelligence

    Current Use by Public Records

    MIG EXPRESS Freight Forwarding Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.763460020558
    Latitude
    43.075595306052

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    FAQs

    What type of property is this?
    Office Property / Space - 7,200 SF, 3 Units, NNN Lease
    Where is this office property / space located?
    The property is located at 45 Pearl St Portsmouth, NH.
    What are key features of this property?
    This property features: 7,200 SF Class A office building for sale in Portsmouth, NH.; Located at 45 Pearl St, in the West End, steps from downtown.; Three-story building, built in 1851, renovated in 2018, on a 0.08-acre lot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45 Pearl St Portsmouth, NH 03801
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