1. New Hampshire
2. Portsmouth
3. 172 Hanover Street

172 Hanover Street, Portsmouth, NH 03801

Property Description

This listing courtesy of Edward Perez, Edward Perez

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.

Listing Status:

Active

Date Added:

June 6, 2025 at 05:00AM

Listing Office:

Edward Perez : 603-498-4402

Listing Agent:

Edward Perez :

MLS ID:

5045075

Interior

• Basement: Partially Finished
• A/C: Central AC
• Heating: Natural Gas

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Edward Perez, Edward Perez