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