Listing Provided Courtesy Of:
David Garvey with Keller Williams Coastal Realty.
Address
172 Hanover Street Portsmouth, NH
Price
$ 3,350,000
Property Attributes
  • MLS#4854884
  • TypeCommercial
  • CountyROCKINGHAM
  • CityPortsmouth
  • AreaRockingham
  • Zip03801
  • StyleDevelopment,Investment,Multi-Family,Office,Opportu
  • Year Built1850
  • Taxes$ 44489
  • Price$ 3,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12523
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
David Garvey with Keller Williams Coastal Realty.
Data Source:
Northern New England Real Estate Network (NNEREN) - 85 - NH
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.

Price History
4/9/2021 Listed $3,500,000
7/1/2021 5% - $3,350,000

General Features

Area Description Business District, Commercial Zoning, In Town, Near Shopping
Basement Yes
Cooling Central AC
Flood Zone No
Heating Forced Air
Listing Area NH-Rockingham
Parking Off Premises, Off-Site, On Street
Price Per Sq Ft 267.51
Road Frontage Yes
Sewer Public
Status Active
Tax Year 2020
Utilities Telephone Available
Water Public
Year Built 1850
Zoning CD5

Interior Features

Basement Access Type Interior
Basement Description Partially Finished
Heating Fuel Gas - Natural

Exterior Features

Exterior Brick
Lot Description City Lot, Sidewalks
Lot Size Area 0.13
Road Frontage Length 80

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 03801

Statistics provided by Inside Real Estate

Price
AVG $360K
$3.35M
Taxes
AVG $14,253
$44,489
Visits
AVG 12
97
Year Built
AVG 1942
1850
Walkscore
AVG 71
95
Data Provided by Walkscore ® not using MLS data

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