172 Hanover ST Active Save Request In-Person Tour Request Virtual Tour
Portsmouth,NH 03801
Key Details
Property Type Commercial
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
Property Description
Incredible opportunity to acquire a mixed-use asset in one of downtown Portsmouth's most desirable and walkable corridors. Anchored by a successful, long-term restaurant tenant with major capital investment and strong street visibility, this property offers both immediate income and long-term development potential. The second floor includes two approved residential units (approx. 2,600 SF total), both currently unfinished and ready for build-out—ideal for high-end rental or condo conversion. The unfinished basement, previously used as a sports lounge, offers strong potential for retail, gallery, or creative commercial use. Located in the Downtown Overlay District and eligible for vertical expansion under the 55-ft zoning limit, the site offers a rare path for phased redevelopment. Surrounded by restaurants, hotels, public parking, and regional medical and research institutions. Seller may consider partial financing or creative structuring with a qualified buyer. A strategic investment for developers or income-focused buyers looking to capitalize on Portsmouth's continued growth.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CD1
Rooms
Basement Entrance Walkout
Interior
Cooling Central AC
Inclusions Land/Building
Exterior
Utilities Available Telephone Available
Roof Type Asphalt Shingle
Building
Sewer Public Available
Others
Virtual Tour https://camsakelarios.smugmug.com/2025/1-1-25-La-Caretta-Portsmouth/n-JchkNG/Video