Welcome to 132 Chapel Street, a rare gem nestled in the vibrant and historic downtown Portsmouth. This unique property offers endless possibilities"whether you're looking to create your dream home, develop a multi-unit residence, or establish a commercial space. Just steps from the waterfront and Portsmouth's best restaurants, it provides the perfect blend of urban living and coastal charm. With a variance already approved for residential use, the flexibility to customize this property to your vision is truly unmatched. Opportunities like this don't come often"don't miss out on this prime investment in one of the most desirable areas of the Seacoast! *Current tenants at will come mid October* Showings Monday-Friday after 2:30pm, or weekends. Notice Required. By Appointment Only. Buyers to do their own due diligence.