2 Market SqPortsmouth, NH 03801

  • Other commercial real estate
  • 1,593 SF
For Lease
$80/SF/YR View listing

Property Details for 2 Market Sq

Year built
1860
Construction
STEEL FRAME
Property size (Sq ft)
1,593 SF
Zone code
CD5
Property type
Other commercial real estate
APN
PRSM M:0117 B:0017 L:E
APU
PRSMM0117B0017LE

Description

This exceptional 80-square-foot retail space presents a unique investment opportunity in the heart of Portsmouth's vibrant downtown. Situated at Market Square, at the corner of Market and Congress Streets, this street-level property offers unparalleled visibility and accessibility. The single-tenant occupancy ensures ease of management and predictable income streams. Designated as both retail and special purpose, this property's Airport subtype suggests potential for businesses catering to travelers or those connected to the airport's activity, though the exact nature of this connection is not specified. The location within Rockingham County provides access to a strong local market and established infrastructure. The compact size makes it ideal for a variety of businesses, from pop-up shops and kiosks to specialized retail services. Given its prime location and unique characteristics, this property is poised for strong returns and offers a rare chance to establish a presence in a high-traffic area. The property's single-tenant status minimizes management complexities, making it an attractive option for both seasoned investors and those new to commercial real estate. Further investigation into the specific airport connection is recommended to fully assess the property's potential. This is a truly exceptional opportunity to acquire a strategically located retail space in a thriving downtown area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $301,458
    Hospitality
    $276,134
    Educational
    $229,740
    Medical
    $237,641
    Retail
    $357,374
2 Market Sq, Portsmouth, New Hampshire
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Location Insight

City
Portsmouth
County
Rockingham
State
New Hampshire
Latitude
43.0771
Longitude
-70.7578
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,725
-
$788,900
$788,900
-
-
-
-

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