South Street & Vine building in Portsmouth is listed for $1.6 million

PORTSMOUTH – The owners of South Street & Vine say their days selling wine and cheese in the South End may soon be over, because the circa-1800 building where the craft store owners lease space is for sale.

The mixed-use property that houses South Street & Vine at 359 Marcy St. is on the market by its owners for $1.6 million, according to a local real estate listing.

The owners of South Street & Vine, husband and wife team Rick Meyerkopf and Robin Lurie-Meyerkopf, have told their customer base that the future of the business is uncertain if the building is sold. The two took over the neighborhood business from its founders, Claire Fleming and Win Rhoades, in September 2015 after being customers of the store for many years.

“It was a really nice situation. I live a few blocks away. But you know, everything has a beginning and an end,” Meyerkopf (68) said in an interview on Monday.

The business owners’ lease with the landlords expired about a year ago, although Meyerkopf and Lurie-Meyerkopf have rented the commercial unit on a month-to-month basis since then. The couple was told this spring that the building would be put up for sale.

Meyerkopf said he and Lurie-Meyerkopf have had a good relationship with the landlords of the Marcy Street space since taking over the store nine years ago.

Meyerkopf, retired from Hannaford Brothers after working in retail and merchandising for thirty years, added that his efforts to sign a new five-year lease with the option to extend it for another five years were unsuccessful.

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“Where we are now is we’re waiting to see what happens, honestly,” he said. “There is a good chance that someone will buy the building with their own concept. And if they have their own concept, that could mean we have to close. It’s been a great 10-year run for us and Win and Claire before us.

What you need to know about South Street & Vine Building

The 2,293-square-foot Marcy Street building was listed May 24 by broker Alicia Goodwin with Keller Williams Coastal and Lakes and Mountains Realty.

“It is an exceptional South End location with high visibility and water views in an established location that supports all types of customers,” said Goodwin. “That location could be a real hot spot for any type of business that caters to customers looking for any type of retail, food service or restaurant business.”

The property has been owned since 1987 by Marcy Street Investments, owned by Kristin Sullivan-Sanders and James Sanders, siblings from the longtime Sanders Lobster Co. family. in Portsmouth. Next to South Street & Vine is Sanders Fish Market, which was also founded in 1987.

“They own several properties and this is just one that they have wanted to divest,” Goodwin said.

According to the property’s listing, a one-bedroom apartment above South Street & Vine overlooks the Piscataqua River. The rental unit is currently occupied by a tenant, Goodwin said.

“The ground floor is home to a versatile commercial retail space, perfect for retail, food service, a boutique or an office,” the listing said. “With high visitor traffic and excellent visibility, your business will flourish in this prime location.”

The Marcy Street building was last appraised at $507,300, city property records show.

Meyerkopf, Lurie-Meyerkopf and their two children have all worked in the business, building relationships with customers, hosting Friday wine tastings and selling gift bottles, wine hampers and glass sets in addition to their regular products.

When South Street & Vine’s days are numbered, Meyerkopf will remember the years of cheerful interactions with customers.

“If you buy cheese and wine, I think you’re generally in a good mood,” he joked.

The 24-year-old company was originally founded by Fleming and Rhoades on South Street, less than a mile away from its current location.