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$ 5,300,000
Est. payment /mo
Active
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
Exceptional mixed-use investment opportunity in the heart of downtown Portsmouth's thriving commercial core. This high-visibility property is anchored by a well-established restaurant tenant under a long-term lease, with significant capital improvements already completed, offering immediate, stable income. The second floor includes two approved residential units totaling approximately 2,600 square feet, each roughly 1,300 square feet. Both units are currently unfinished, presenting an excellent value-add opportunity for luxury rental or condominium conversion in a highly desirable market with limited residential inventory. The basement, previously used as a sports lounge, is also unfinished and has drawn serious interest for potential retail, private club, or studio use. Located within the Downtown Overlay District and eligible for vertical expansion up to 55 feet, the site offers redevelopment potential for future growth. Surrounded by high-end dining, boutique hotels, and public park
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