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$4,800,000 Just Listed

  • For Sale
  • Active
  • Commercial
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The building features a substantial footprint and multiple income streams. The second floor may be approved for residential space, can be permitted for two units. These units are unfinished, offering immediate value-add potential for Luxury rentals, owner occupancy, or high-end condominium conversion. Ideally located amid boutique, hotels, acclaimed restaurants, galleries, public parking, and near major regional institutions, 172 Hanover Street benefits from consistent foot traffic, tourism appeal, and strong local demand. It's a rare offering that blends current income stability with meaningful growth opportunities in a walkable, dynamic downtown setting.

Full Property Details for 172 Hanover St

General

  • Price: $4,800,000
  • Taxes: $39,397 (2024)
  • Status: Active
  • Type: Commercial
  • Source: PrimeMLS
  • MLS ID: 5077945
  • Updated: Today (3/2/2026)
  • Added to Site: Today

Location

  • County: Rockingham

Utilities

  • Sewer: Public

Structural Information

  • Square Feet: 12,780
  • Finished Total: 9,528 Sq. Ft.
  • Year Built: 1850

Lot Features

  • Frontage: Yes Road Frontage
  • Zoning: CD5

Financial Considerations

  • Price Per Sq. Ft.: $375.59
  • Assessment Year: 2024
  • Assessment Amount: $3,523,900
  • Tax Amount: $39,397
  • Tax Year: 2024

Listed by RE/MAX Partners, Paul Annaloro

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Listed by RE/MAX Partners, Paul Annaloro

Listing agent

— 172 Hanover St —

  • Paul Annaloro

    RE/MAX Partners

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 172 Hanover St

School District:Portsmouth School District, Portsmouth, NH
NameGradesDistance
Little Harbour School
50 Clough Drive, Portsmouth, NH 03801
K-50.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 172 Hanover St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/02/2026
Listed
$4,800,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 172 Hanover St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$39,397
-19%
$3,523,900
17%
2023
$48,676
6%
$3,017,700
—
2022
$45,869
1%
$3,017,700
—
2021
$45,242
2%
$3,010,100
—
2020
$44,248
-1%
$3,010,100
—
2019
$44,730
6%
$3,010,100
13%
2018
$42,355
-1%
$2,673,900
-4%
2017
$42,726
—
$2,778,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by RE/MAX Partners, Paul Annaloro

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172 Hanover Street, Portsmouth, NH 03801 (MLS# 5077945) is a Commercial property. 172 Hanover Street is currently listed for $4,800,000 and was received on March 02, 2026. Want to learn more about 172 Hanover Street? Do you have questions about finding other Commercial real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.

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