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
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