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MIX USE 2 Properties Offered at $1,750,000 in Portsmouth, NH
Investment Highlights
- Rare downtown Portsmouth redevelopment opportunity.
- Located within Portsmouth's established downtown district.
- Mixed-use property with commercial and residential potential.
Executive Summary
The property is the old downtown Louie’s restaurant building at 84 Pleasant St., Portsmouth.
- The redevelopment assemblage includes the adjacent or nearby lots at 266-278 State Street, where the historic Daily Times building previously stood.
- The Daily Times building at the corner of State and Pleasant Streets was demolished in 2024 after a lengthy process to obtain city approval.
- The Daily Times site remains an empty lot, and the future of the downtown corner is uncertain despite approval for redevelopment.
- The historic State Street Saloon building on the corner was destroyed by a massive fire in April 2017. More than 50 fire departments responded to extinguish the fire, which damaged much of the block and forced Louie’s to close because of severe water damage.
- The redevelopment assemblage includes the adjacent or nearby lots at 266-278 State Street, where the historic Daily Times building previously stood.
- The Daily Times building at the corner of State and Pleasant Streets was demolished in 2024 after a lengthy process to obtain city approval.
- The Daily Times site remains an empty lot, and the future of the downtown corner is uncertain despite approval for redevelopment.
- The historic State Street Saloon building on the corner was destroyed by a massive fire in April 2017. More than 50 fire departments responded to extinguish the fire, which damaged much of the block and forced Louie’s to close because of severe water damage.
Property Facts
| Price | $1,750,000 | Number of Properties | 2 |
| Price / SF | $108.32 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 16,156 SF |
| Status | Active | Total Land Area | 0.40 AC |
| Price | $1,750,000 |
| Price / SF | $108.32 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,156 SF |
| Total Land Area | 0.40 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 278 State St, Portsmouth, NH 03801 | Multifamily | 11,156 SF | 2028 | - |
| 84 Pleasant St, Portsmouth, NH 03801 | Office | 5,000 SF | 1800 | - |
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MIX USE