(603)-770-4079

Realtors Licensed in New Hampshire, Maine, Massachusetts, Rhode Island and Florida.

attalla@comcast.com

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$5,300,000
1 Day 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

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603-770-4079
172 Hanover Street172 Hanover Street172 Hanover Street172 Hanover Street
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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.

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Listing Snapshot
Price 
$5,300,000
Days On Site 
1 Day
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
55 minutes agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.12
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: 2025-06-07 10:54 PM UTC
Neighborhood & Commute
Source: Walkscore
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