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! Notice Required. By Appointment Only. Buyers to do their own due diligence.