172 Hanover StreetPortsmouth, NH 03801MLS Number 5077945

  • Price: $4,390,000
  • 74 Days on Market
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172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801172 Hanover Street Portsmouth NH 03801
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  • 1850Year Built
  • 12,780Square Feet
Listed by Paul Annaloro of RE/MAX Partners

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172 Hanover Street presents a compelling mixed-use investment opportunity featuring a substantial footprint and multiple income streams in a highly walkable downtown setting. The first floor is anchored by La Carreta, an established Mexican restaurant providing stable in-place income. The ground level was previously occupied by a nightclub and offers strong potential for re-tenanting as 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 immediate 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. Ideally positioned among boutique hotels, acclaimed restaurants, galleries, public parking, and major regional institutions, the property benefits from consistent foot traffic, tourism appeal, and sustained local demand. 172 Hanover Street is a rare offering that blends stabilized income with meaningful repositioning and growth opportunities in a vibrant downtown corridor.

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Tax Information

  • Tax Year2024

Building

  • Year Built1850
  • Square Feet12,780
  • Available Sqft9,528
  • BasementFull

Property

  • Property TypeCommercial Sale
  • AreaNH-Rockingham

Legal

  • Taxes$39,397
  • OtherStructuresLand/Building
  • ZoningCD5

Basic Information

  • StatusACT
  • Modification Date05/09/2026
  • TypeRestaurant
  • List Price$4,390,000
  • Broker NameRE/MAX Partners
  • Listing Agent NamePaul Annaloro
  • Lister Office NameRE/MAX Partners
  • MLS Number5077945
  • MLS StatusActive

Location

  • Building Number172
  • StreetHanover Street
  • TownPortsmouth
  • StateNH
  • Zip03801
  • CountyRockingham
  • Map126
  • Address172 Hanover Street

Amenities

  • PricePerSqFt343.51

Other

  • Date Listed03/02/2026
  • View Count5
Ruedig Realty

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Ruedig Realty
Office: 603-228-1947
125 N. State Street
Concord, NH 03301
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