238 Deer St Portsmouth, NH 03801
- Turn key restaurants
- 4,000 SF
- 0.14 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 238 Deer St
- Year built
- 1951
- Construction
- STEEL FRAME
- Lot size
- 0.14 lot acres
- Property size
- 4,000 SF
- Zone code
- CD4
- Property type
- Turn key restaurants
- APN
- PRSM M:0125 B:0003 L:
- APU
- PRSMM0125B0003L
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $595,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $680,000
- Retail
- $575,000
- Mixed-Use
- $615,000
- Hospitality
- $600,000
- Educational
- $740,000
- Residential Income
- $540,000
- Energy
- $565,000
- Income-Based Land
- $655,000
- Food Service
- $735,000
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.7623
- Latitude
- 43.0773
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA