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Prime Downtown Portsmouth Mixed-Use Building – A Rare Opportunity! Nestled in the heart of vibrant downtown Portsmouth, NH, this exceptional four-story mixed-use building at 3 Bow Street / 140 Penhallow Street offers a unique chance to own a piece of history. Meticulously renovated in 2017-2018 to preserve its historic charm, the property showcases exposed brick, gleaming hardwood floors, and oversized windows—some offering breathtaking views of the Piscataqua River. The street-level commercial space, currently leased by Bangor Bank, enjoys unmatched visibility and foot traffic in this bustling downtown district. The upper levels present an incredible opportunity for residential or continued mixed-use, with potential for condominium conversion. Whether as an investment or a signature property in your portfolio, this is a rare chance to own a landmark in one of New England’s most desirable downtowns. Don’t miss out—schedule your private showing today!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Insurance Division:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $6,000,000 | $6,000,000 | $6,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $2,155 | $2,155 | $2,155 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,067 | $38,419 | $50,631 |
Total Monthly Payment | $36,347 | $40,699 | $52,911 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.