172 Hanover StreetPortsmouth, NH 03801
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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.
| 6 days ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
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Last checked: 2025-07-25 02:03 AM UTC
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