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401 State StreetPortsmouth, NH 03801Price: $3,400,000

  • Price: $3,400,000
  • 159 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,400,000List Price
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.
Listed by Joe Leddy and Jamieson Duston of Duston Leddy Real Estate

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. 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 December 3, 2022 1:10 AM EST.

 

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