NH > Portsmouth
Portsmouth, NH 03801,172 Hanover ST
See all 24 photos
Portsmouth, NH 03801,172 Hanover ST
Portsmouth, NH 03801,172 Hanover ST
Portsmouth, NH 03801,172 Hanover ST
Portsmouth, NH 03801,172 Hanover ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
23
Sep
Wed
24
Sep
Thu
25
Sep
Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
Listed by Edward Perez • Edward Perez
$ 5,300,000
Est. payment /mo
Save Virtual Tour
Active

172 Hanover ST Portsmouth, NH 03801

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

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 Description

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.

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

Utilities Available Telephone Available

Roof Type Asphalt Shingle

Building

Sewer Public Available

Others

Virtual Tour https://camsakelarios.smugmug.com/2025/1-1-25-La-Caretta-Portsmouth/n-JchkNG/Video

PrimeMLS
Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Compass, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

172 Hanover ST

QUICK SEARCH
There are 28 quick searches