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$ 5,300,000
Est. payment /mo
New
172 Hanover Portsmouth, NH 03801
12,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,780 sqft
Price per Sqft $414
MLS Listing ID 73386304
HOA Y/N false
Year Built 1850
Annual Tax Amount $25,579
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Prime downtown Portsmouth mixed-use property offering income, value-add potential, and development upside. Anchored by a well-known restaurant with a multi-year lease and significant tenant investment. The second floor is approved for two residential units, and the basement has active lease interest for a private social club. Located in a vibrant commercial corridor surrounded by top restaurants, hotels, and a newly renovated $9M medical center. Zoned for vertical expansion under Portsmouth's 55-foot height limit. Ideal for investors seeking stable returns, flexible development options, and long-term growth in one of New Hampshire's most desirable markets.
Location
State NH
County Rockingham
Zoning CD1
Direction Use GPS
Exterior
Utilities Available Public Water
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Edward Perez