A Rare and Exceptional Opportunity in Downtown Portsmouth

Price: $7,995,000

Location: 58 State Street, Portsmouth, NH 03801

Located in downtown Portsmouth, 58 State Street presents a rare mixed-use property that brings together two private residences and two ground-level commercial units. Completed in 2008, the building is in a location known for its historic streets, restaurants, and waterfront.

The ground floor consists of two commercial units with strong street exposure. Both are occupied by established tenants with leases extending into 2026, providing stability for buyers seeking an income component. A secured entrance next to the storefronts leads to the residential levels above.

The second floor contains a three-bedroom residence with an open main living area, hardwood floors, gas fireplaces, and three bedrooms with private bathrooms. The upper two floors form a separate penthouse spanning two stories. This residence includes four bedrooms and six bathrooms, along with an additional office or guest room that also has its own bathroom. The main level features a well-equipped kitchen, space for both informal and formal dining, an office, and a mudroom. Each residential story has access to a south-facing deck that looks toward the quieter Court Street side of the property.

Additional elements include elevator access to each residence from both the lobby and the garage, four deeded garage parking spaces, storage rooms, and a lower-level fitness area. The layout and infrastructure also make the property suitable for potential condominium conversion, offering flexibility for future use.

With commercial frontage, modern systems, and two distinct residences in a central location, 58 State Street, listed for $7.995 million, represents a distinctive opportunity within Portsmouth’s downtown market.

Interested in finding out more? Please contact Jennifer Madden at Jenn@MaddenRE.com or 603-247-2900.