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 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.

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