USANHPortsmouth172 Hanover St
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$4,800,000

For Sale

15 days ago

172 Hanover St, Portsmouth, NH

MLS® 5077945

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 15
Approx. Age 1850
MLS® Number 5077945

Property Address: 172 Hanover St, Portsmouth, NH, 03801-3768

Average square foot calculated using Size range provided by listing agent.

Description

172 Hanover Street presents a compelling mixed-use investment opportunity featuring a substantial footprint and multiple income streams in a highly walkable downtown setting. The first floor is anchored by La Carreta, an established Mexican restaurant providing stable in-place income. The ground level was previously occupied by a nightclub and offers strong potential for re-tenanting as restaurant, entertainment, or retail space, creating additional revenue upside. The second floor may be approved for residential use and can potentially be permitted for two units. These unfinished spaces provide immediate value-add potential for luxury rentals, owner occupancy, or high-end condominium conversion, allowing an investor to capitalize on strong residential demand in the area. Ideally positioned among boutique hotels, acclaimed restaurants, galleries, public parking, and major regional institutions, the property benefits from consistent foot traffic, tourism appeal, and sustained local demand. 172 Hanover Street is a rare offering that blends stabilized income with meaningful repositioning and growth opportunities in a vibrant downtown corridor.
MLS® Number5077945
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1850
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$4,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
172 Hanover St, Portsmouth, NH

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