Properties

Property Description

Hard-to-find real estate on the Southern New Hampshire Coast, in Downtown Portsmouth. The tenant on the first floor is a restaurant, which has a great reputation and a strong following amongst locals and tourists alike. It also has a strong lease with good increases in the terms. The property underwent extensive renovations in 2014-2016, with over $1,500,000 invested. The first & second floors are leased to the La Carreta restaurant, a spacious community gathering hot spot in downtown Portsmouth with substantial outside seating. They have stayed very busy even during the pandemic. The third floor is wide open with exposed brick walls and is ready for you to work with the architect of your choice to create apartments, condo units or office space, the possibilities are prime. The first floor has all new electrical, mechanical, and sprinklers. In the Vaughan Mall area the directly abutting property is currently undergoing massive renovation and will become one of the bright spots of Downtown Portsmouth.

Property Details
Active
$44, 489
2020
0
CD5
5, 663 Sqft
Yes
$268
80
Yes
Location
172 Hanover Street
NH-Rockingham
US
NH
Portsmouth
03801
NH-Rockingham
No
Maplewood from Bypass toward downtown, second light go left, building is on the right after the parking lot entrance. From the south, from Middle Street, at Congress St it turns to Maplewood, continue one block to Hanover and go right and the building is on the right just past the parking lot entry
Exterior
: On Street, Off Premises, Off-site
0
City Lot, Sidewalks
Interior
: Partially Finished
Room Details
Land/Building
Utilities
Public
: Forced air
: Central Ac
Public
Gas - Natural
Telephone Available
Listing Info
David
Garvey
Keller Williams Coastal Realty

Commercial For Sale

172 Hanover Street, Portsmouth, New Hampshire 03801

0.13 Acre
$3,350,000
Keller Williams Coastal Realty
David Garvey
MLS # 4854884
Basic Info
Property Type : Commercial
Listing Type : For Sale
Price : $3, 350, 000
Lot Area : 0.13 Acre
Year Built : 1850
MLS # : 4854884
Days On Market : 85
Agent info
Cowan & Zellers
Contact Agent