172 Hanover

Portsmouth, NH 03801

Exceptional mixed-use investment opportunity in the heart of downtown Portsmouth’s thriving commercial core. This high-visibility property is anchored by a well-established restaurant tenant under a long-term lease, with significant capital improvements already completed, offering immediate, stable income. The second floor includes two approved residential units totaling approximately 2,600 square feet, each roughly 1,300 square feet. Both units are currently unfinished, presenting an excellent value-add opportunity for luxury rental or condominium conversion in a highly desirable market with limited residential inventory. The basement, previously used as a sports lounge, is also unfinished and has drawn serious interest for potential retail, private club, or studio use. Located within the Downtown Overlay District and eligible for vertical expansion up to 55 feet, the site offers redevelopment potential for future growth. Surrounded by high-end dining, boutique hotels, and public park

Listing courtesy of Edward Perez of Edward Perez



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Last checked 2025-07-02 03:51 AM UTC