172 Hanover Street Portsmouth, NH 03801
Commercial For Sale - Portsmouth, NH
- Added:
- Mar 2, 2026
- Days on Market:
- 32
- Last Refresh:
- Apr 3 at 3:06 pm
Property Features for 172 Hanover Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CD5
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 39397
Building Details
- Year built
- 1850
- Architectural style
- Other
Listing agent Paul Annaloro (978) 475-2100
Listing office RE/MAX Partners 44 Park Street, Andover, NH (978) 475-2100
Listing date Mar 2, 2026
MLS# 5077945
Listing URL
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Overview
Mixed-Use Investment in Downtown Portsmouth
172 Hanover Street offers a mixed-use investment opportunity with a substantial footprint and multiple income streams in a walkable downtown setting. The first floor is anchored by La Carreta, an established Mexican restaurant providing stable income. The ground level, previously a nightclub, offers potential for re-tenanting as a 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 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. Positioned among boutique hotels, restaurants, galleries, public parking, and major regional institutions, the property benefits from consistent foot traffic, tourism appeal, and sustained local demand. This property blends stabilized income with repositioning and growth opportunities in a vibrant downtown corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
La Carreta Mexican ...
Restaurant
Equitable Financial Services ...
Financial Advisor
HHA Compliance
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.7604328
- Latitude
- 43.0770867
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with income and repositioning potential in vibrant downtown.
Where is this mixed-use property located?
The property is located at 172 Hanover Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Mixed‑use property in a highly walkable downtown location with multiple income streams.; Established Mexican restaurant (La Carreta) provides stable, in‑place income.; Second floor offers value‑add potential for residential units (luxury rentals, owner occupancy, or condos).
