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.
Features
: Buyers And Agents Must Verify All Information And Perform Their Own Due Diligence. Seller Is Open To Reviewing Offers With Buyer Broker Commission Concessions. Sellers Have Paid Off The Most Recent Special Assessment To Repair The Building Façade. Some Images Virtually Staged.
Additional Information
2024
Active
CD1
$5,300,000
: Net
No
New
Address Map
Portsmouth
NH
Rockingham
03801
W71° 14' 22.7''
N43° 4' 37.6''
Commercial Sale
172 Hanover, Portsmouth, New Hampshire
5,662 Sqft
$5,300,000
Listing ID #73386304
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $5,300,000
Square Footage : 5,662 Sqft
Year Built : 1850
Lot Area : 0.13 Acre
Listing ID : 73386304