Custom House listed for sale for $5.8 million.

PORTSMOUTH — The landmark Custom House has been put up for sale, less than two years after being purchased by a New Hampshire real estate development and investment company. 

Book & Bar is among 12 tenants occupying the historic 40 Pleasant St. property recently listed for $5.79 million through the Boulos Company. Others include 5 Thai Bistro, Great Island Realty and Kimberly Sarah Photography, a pet portraiture company. 

Current owner Ben Kelley, principal of Kelley Family Properties, acquired the three-and-a-half-story downtown granite building for $4.9 million in a July 2022 off-market deal. 

Ben Kelley, principal of Kelley Family Properties, and his company are selling the iconic Custom House in downtown Portsmouth for $5.79 million after purchasing it in July 2022.

The company has moved tenants into the building’s second and third floors and completed a series of renovations to the building’s interior in the last 18 months, including repointing the building, securing its chimneys and updating its upper floors, Kelley said. But Kelley Family Properties’ recent purchase of 70-plus multifamily units in the greater Concord area has forced it to reevaluate its property portfolio and led to the Custom House being listed, according to Kelley.

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