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132 Portsmouth Ave

8,344 SF 60% Leased Retail Building Stratham, NH 03885 £2,349,308 (£282/SF) 5.94% Net Initial Yield

Investment Highlights

  • Great visibility with 20,000 cars a day.
  • Opportunity to own or live at this property.
  • 3 units fully rented generating strong income.

Executive Summary

Great opportunity to own the Stratham Circle to include a retail barn that is fully operating as a cooperative antique shop, the Tannery & Cobble House both residential rentals and the main house that make for an additional rental unit or live in the house. Property is in good condition newly painted. Additional building on Mill Pond allows for an additional rental unit or great storage. Great visibility with over 20,000 cars a day. Contact Nancy Kingston at 603 396-1046 to make a private appoinitent. Own a Piece of History - 1700's Samuel Lane Property For Sale! This extraordinary 5.22-acre estate, nestled on the picturesque Stratham Circle near Mill Pond, offers a rare opportunity to own a historic piece of New England charm. Featuring four unique buildings, this income-generating property is perfect for history lovers, investors,or those seeking a distinctive home with character and potential. Main House: The grand Samuel Lane House spans 3,348 sq/ft and boasts 12 rooms,including 4 bedrooms and 2 1/2 bathrooms. A timeless gem filled w original details, it provides ample living space and endless possibilities. The Tannery: This charming building features 4 rooms, 1 bedroom, and 1 bath – perfect for guests or as a rental unit. The Cobble House: A quaint cottage with 4 rooms, 1 bedroom, and 1 bath, ideal for additional rental income or cozy living quarters. The Collector’s Eye Antique Shop: A thriving business with a strong rental history, adding significant value to the property. Additionally, the Barn, home to a successful cooperative with 30+ dealers, offers great income potential. Additional building on Pond is used for storage. Located just minutes from Routes 101 & 95, shopping, and dining, this historic estate is a once-in-a-lifetime opportunity. Whether you're looking for a family estate, a rental property, or a business venture, the Samuel Lane Property is a versatile treasure waiting for its next chapter. Don't miss your chance to own this exceptional property!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £187,552 £22.48
Other Income - -
Vacancy Loss - -
Effective Gross Income £187,552 £22.48
Taxes £15,032 £1.80
Operating Expenses £33,039 £3.96
Total Expenses £48,072 £5.76
Net Operating Income £139,481 £16.72

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £187,552
Annual Per SF £22.48
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £187,552
Annual Per SF £22.48
Taxes
Annual £15,032
Annual Per SF £1.80
Operating Expenses
Annual £33,039
Annual Per SF £3.96
Total Expenses
Annual £48,072
Annual Per SF £5.76
Net Operating Income
Annual £139,481
Annual Per SF £16.72

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,344 SF
Year Built
1807
Price
£2,349,308
Price Per SF
£282
Net Initial Yield
5.94%
NOI
£139,549
Percent Leased
60%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.05
Land Acres
3.89 AC
Zoning
N/A - The property is located in the Town Center Zoning allowing for multi uses. 3 residential homes along with a 2 story barn run as the "Collectors Eye".
Parking
23 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
1,830 ft on Portsmouth Avenue

Amenities

  • Storage Space
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Collector's Eye
  • Retailer
  • 4,392 SF
  • £20.61
  • -
  • -
  • Samuel Lane House
  • Real Estate
  • 3,348 SF
  • -
  • -
  • -
  • The Cobble House
  • Real Estate
  • 1,016 SF
  • £20.38
  • Plus Electric
  • -
  • The Tannery
  • Real Estate
  • 975 SF
  • £10.48
  • Plus Electric
  • Aug 2025
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Collector's Eye Retailer 4,392 SF £20.61 - -
Samuel Lane House Real Estate 3,348 SF - - -
The Cobble House Real Estate 1,016 SF £20.38 Plus Electric -
The Tannery Real Estate 975 SF £10.48 Plus Electric Aug 2025
  • Listing ID: 33296147

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 132 Portsmouth Ave, Stratham, NH 03885

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