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172 Hanover St
Portsmouth, NH 03801
Retail Property For Sale
Executive Summary
The building features a substantial footprint and multiple income streams. The second floor may be approved for residential space, can be permitted
for two units. These units are unfinished, offering immediate value-add potential for Luxury rentals, owner occupancy, or high-end condominium conversion. Ideally
located amid boutique, hotels, acclaimed restaurants, galleries, public parking, and near major regional institutions, 172 Hanover Street benefits from consistent foot
traffic, tourism appeal, and strong local demand. It's a rare offering that blends current income stability with meaningful growth opportunities in a walkable, dynamic
downtown setting.
for two units. These units are unfinished, offering immediate value-add potential for Luxury rentals, owner occupancy, or high-end condominium conversion. Ideally
located amid boutique, hotels, acclaimed restaurants, galleries, public parking, and near major regional institutions, 172 Hanover Street benefits from consistent foot
traffic, tourism appeal, and strong local demand. It's a rare offering that blends current income stability with meaningful growth opportunities in a walkable, dynamic
downtown setting.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,523 SF
Building Class
B
Year Built/Renovated
1850/2016
Price
$4,800,000
Price Per SF
$383.29
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.21
Lot Size
0.13 AC
Zoning
CD5
Frontage
140’ on Hanover St
Property Taxes
| Parcel Number | PRSM-000126-000001A | Improvements Assessment | $2,335,700 |
| Land Assessment | $1,188,200 | Total Assessment | $3,523,900 |
Property Taxes
Parcel Number
PRSM-000126-000001A
Land Assessment
$1,188,200
Improvements Assessment
$2,335,700
Total Assessment
$3,523,900
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