NH > Portsmouth
Portsmouth, NH 03801,172 Hanover ST
Portsmouth, NH 03801,172 Hanover ST
Portsmouth, NH 03801,172 Hanover ST
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Listed by Edward Perez • Edward Perez
$5,300,000
Est. payment /mo
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5,227 Sqft Lot
New

172 Hanover ST Portsmouth, NH 03801

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Molly Smith

Molly Smith

+1(508) 980-9042

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5045075

Year Built 1850

Annual Tax Amount $39,397

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Other

Property Description

Incredible opportunity to own a high-visibility mixed-use asset in the heart of downtown Portsmouth. The property is anchored by a successful, long-term restaurant tenant with excellent street exposure and significant investment in the space. The second floor totals approximately 2,600 square feet and is approved for two residential units, each roughly 1,300 square feet. Both units are currently unfinished, offering immediate value-add potential for luxury rentals or condominium conversion. The basement, previously operated as a sports lounge, is also unfinished and presents strong potential for retail, studio, or other commercial uses depending on tenant needs. Located within Portsmouth's Downtown Overlay District and eligible for vertical expansion under the city's 55-foot zoning limit, this property presents long-term redevelopment upside. Surrounded by restaurants, hotels, public parking, and a nearby research facility, this location benefits from consistent foot traffic and strong investor appeal.

Location

State NH

County Nh-rockingham

Area Nh-Rockingham

Zoning CD1

Rooms

Basement Entrance Walkout

Basement Partially Finished

Interior

Cooling Central AC

Inclusions Land/Building

Exterior

Parking Features Off Street

Garage Description Off Street

Utilities Available Telephone Available

Roof Type Shingle - Asphalt

Building

Foundation Concrete

Sewer Public Available

Others

Virtual Tour https://camsakelarios.smugmug.com/2025/1-1-25-La-Caretta-Portsmouth/n-JchkNG/Video

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Molly Smith

Agent

+1(508) 980-9042

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172 Hanover ST

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