54 Ceres StPortsmouth, NH 03801

Property Details for 54 Ceres St

Year built

1949

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,740 SF

Zone code

CD4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PRSM M:0106 B:0044 L:

APU

PRSMM0106B0044L

Description

This exceptional mixed-use property in Portsmouth, NH, presents a rare investment opportunity. Located on the historic waterfront at 54 Ceres St, this unique building offers an expansive commercial space, previously a successful restaurant, and a charming three-bedroom residential unit boasting stunning harbor views. The property sits on a 0.09-acre lot and includes a deep-water dock on the Piscataqua River, perfect for boating enthusiasts. The commercial space is ideal for a variety of uses, given its prime location and waterfront access. The residential unit provides comfortable living with captivating views. Zoned CD-4, this property offers significant potential for future development and income generation. With four parking spaces available, this property is ready for its next chapter. The asking price has been reduced, making this an even more compelling investment opportunity. Don't miss this chance to own a piece of Portsmouth's vibrant waterfront.

• CAP approach

  CAP return

  Valuation

  6%

  $453,004

  6.5%

  $418,157

  7%

  $388,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,008

  Geo Method

  $358,008

• Alternative Use

  Use

  Valuation

  Residential

  $518,515

  Hospitality

  $474,957

  Educational

  $395,159

  Medical

  $408,749

  Retail

  $614,691

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0791

Longitude

-70.7579

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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