238 Deer St, Portsmouth, NH 03801-3905
This exceptional 3,000+ square foot retail or office condo presents a unique investment opportunity in the vibrant heart of Portsmouth, New Hampshire. Located at the highly visible corner of Deer and Bridge Streets, this first-floor space boasts unparalleled accessibility and visibility. Its strategic position places it directly across from the new Hyatt Hotel and a short walk from the convenient Foundry parking garage, ensuring high foot traffic and easy access for customers and employees. The property's proximity to Market Square further enhances its desirability, placing it within the bustling center of Portsmouth's commercial and social activity. The building itself features 21 residential units on the upper floors, creating a built-in customer base and contributing to a lively, thriving atmosphere. This newly constructed space offers a blank canvas for a wide range of businesses, from retail shops and boutiques to professional offices and service providers. The 0.14-acre lot provides ample space for outdoor signage and potential future expansion. This is a rare chance to acquire a turnkey commercial property in one of New Hampshire's most sought-after locations. The asking price is $1,500,000. Don't miss this opportunity to establish your business in a thriving downtown environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CD4 · Portsmouth, NHPortsmouth. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.