Bought with Joe Leddy with Duston Leddy Real Estate and Listed by with Duston Leddy Real Estate Cell: 603-494-6864

Sold

401 State Street Unit: 103

Portsmouth NH, 03801

$3,000,000


Sold

Commercial

Built in 1840

The Library is a high profile restaurant located within one of Portsmouth's treasured landmarks, The Rockingham. Known for exceptional food and service, The Library is beloved by locals & popular with tourists. Esquire Magazine rated The Library as one of the "Top 50 Bar/Lounges in America", it's received multiple "Award of Excellence" nods from Wine Spectator & many "Best of the Seacoast" awards, including 2022! Just 1 hour north of Boston, Portsmouth, NH is one of the East Coast's most visited cities. Whether shopping in Market Square, touring historic Strawbery Banke, or enjoying a show at The Music Hall, downtown Portsmouth is one of NH's premier destinations! Given The Library's distinguished location, it's no surprise that several historical figures have eaten or stayed at the Rockingham; including George Washington, Franklin Pierce, Theodore Roosevelt, and John F. Kennedy! The Library has been impeccably maintained and delights patrons with its architectural details. The Library has enjoyed strong revenues over the past several years. 2021 saw a substantial 20% increase YOY! The first half of 2022 is also on track for a robust 12% gain YOY! The owners have made significant upgrades to both the front and back of the house and the talented staff and professional management team are in place to ensure a smooth transfer of ownership. Sale includes business, inventory, FF&E and real estate. Financial information available for qualified buyers with the execution of an NDA.

4917823

MLS ID

June 27, 2022

Listed

February 19, 2024

Updated

Map

401 State Street Unit: 103
Portsmouth NH, 03801

Other Property Details

Area Name

NH-Rockingham


Taxes

$18,195


Tax Frequency

Annually


Days on Market

140


Garage

No


Parking

On Street


View

No


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Bought with Joe Leddy with Duston Leddy Real Estate and Listed by with Duston Leddy Real Estate Cell: 603-494-6864

Copyright © 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11:40 PM UTC on 2/19/2024. 

©2024 PrimeMLS All rights reserved. 

 

 

Powered byLuxury Presence