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172 Hanover StreetPortsmouth, NH 03801MLS Number 4854884

  • Price: $3,350,000The price has recently decreased
  • 241 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.11% last updated on 2021-12-02

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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 03801
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  • 0.13Acreage
  • 1850Year Built
  • 12,523Square Feet
  • ActiveMLS Status
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.
Listed by David Garvey and Ethan Ash of Keller Williams Coastal Realty

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Basic Information

  • StatusACT
  • Modification Date10/25/2021
  • TypeDevelopment, Investment, Multi-Family, Office, Opportunity, Other, Retail
  • List Price$3,350,000
  • Broker NameKeller Williams Coastal Realty
  • Listing Agent NameDavid Garvey
  • Lister Office NameKeller Williams Coastal Realty
  • MLS Number4854884
  • MLS StatusActive

Location

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

Exterior

  • ExteriorBrick

Utilities

  • FuelGas - Natural
  • Heating CoolingForced Air

Other

  • View Count109

Building

  • Year Built1850
  • Square Feet12,523
  • BasementPartially Finished
  • Garage Spaces

Property

  • Acreage0.13
  • Parking Spaces
  • Property TypeCommercial Sale
  • AreaBusiness District, Commercial Zoning, In Town, Near Shopping
  • Lot Sqft5,663
  • Road Frontage80

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 4, 2021.

 

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From Our Clients

"Brian and I wanted to let you know how much we appreciated your assistance and hard work over the last few months. As first-time homebuyers, we kept you quite busy with our questions and worries. You were always very helpful and pleasant, and truly on our side as we navigated the process. You went above and beyond several times, and for that we are grateful.

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After our unpredictable run of ups and downs that were outside our control, we have finally found the right home in Durham NH, thanks to you. We are very happy here in Durham, and look forward to seeing you around town."

Erika Tobiassen and Brian Place, Durham, NH