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.

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 June 5, 2026 2:37 AM EDT

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Property Details of 172 Hanover Street

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Keller Williams Coastal and Lakes & Mountains Realty
The NH-Maine Homes Team

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Property Details of 172 Hanover Street

Property Details

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Interior Features

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Keller Williams Coastal and Lakes & Mountains Realty The NH-Maine Homes Team

Keller Williams Coastal and Lakes & Mountains Realty
The NH-Maine Homes Team