Listed by Joe Leddy, Duston Leddy Real Estate

401 State Street Unit 103

Portsmouth, NH, 03801

$3,400,000

$3,400,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 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.
MLS® ID:
4917823
Listed:
6/26/22
Updated:
8/18/22

Exterior/Building Features

Exterior Features
Brick
Lot Details
Condo Development
Sewer
Public

Other Property Details

Area Name
NH-Rockingham
Taxes
$18195
Tax Frequency
per YEAR
Garage
Yes
Parking
On Street
View
N
Utilities
Gas - On-Site, Telephone At Site
Water Source
Public
Pool
No
Zoning
CD4

Listed by Joe Leddy, Duston Leddy Real Estate

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