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$5,300,000
53 Days On Site

172 Hanover Street
Portsmouth, NH 03801

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1850
Built
County:
NH-Rockingham
Listing courtesy of Edward Perez of Edward Perez
Call Now: 401-323-8292
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401-323-8292
172 Hanover Street172 Hanover Street172 Hanover Street172 Hanover Street
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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.

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Listing Snapshot
Price 
$5,300,000
Days On Site 
53 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1850
MLS® Number 
5045075
Status 
Active
Property Tax 
$39,397
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.12
Parking 
Off Street
Sewer 
Public Sewer
Water Source 
Public
Zoning 
CD1
Interior Features
Basement 
Partially FinishedFinishedWalk-Out Access
Cooling 
Central Air
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Exterior Features
Construction Details 
Brick
Roof 
Shingle
Listing courtesy of Edward Perez of Edward Perez



Copyright 2025, PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2025-07-30 12:06 PM UTC
Neighborhood & Commute
Source: Walkscore
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