 802-295-1355
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Price Change! reduced by $375,000 on June 28th 2024 $3,325,000 | $198 per sq.ft. Commercial Property, 119 Hanover Street Manchester NH | Space type MLS# 4985822 |
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| DESCRIPTION
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119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchester's downtown. Sited within a block of major attractions such as the Hanover Street Chophouse, The Palace Theater, and several new multifamily developments, this location is second to none. This two-story brick building boasts 11 apartments (a mix of studio and 1-bedrooms), 5 retail units, and a leased billboard, all of which have seen significant renovations over the last two years. These upgrades include new electrical panels, updated unit plumbing, new high efficiency mini-splits, a new rubber roof, and a freshly painted façade. Additionally, each of the apartments have been painstakingly remodeled with high-end finishes including granite countertops, stainless-steel appliances, premium-LVP flooring, and in-unit air conditioning. The residents can also access the free high-speed wireless internet newly installed throughout the building, utilize the brand-new laundry room, and benefit from the high-resolution cameras providing interior and exterior coverage of the property. All of the commercial units are fully occupied on multi-year leases with a mix of retail and restaurant tenants. The billboard presents additional opportunity for value-add with an at-will operator that has been renting for almost three decades at a below market rate. Don't let this opportunity to own a turnkey building in Manchester's downtown pass you by!
Location : Commercial Zoning | In Town | Near Shopping | Near Public Transportatn Building Type : Multi-Family Sale Includes : Building Signage-| Adequate Price per SQFT | 197.58 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0 | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Steel Frame | Brick Exterior | Price Per SQ.FT. 197.58 | Year Built: 1910 Eevators 0 No. of Units-| 16 Building Size | 16829 Available SQFT | 11248 Basement: Unfinished |
Building Type: Multi-Family Roof: Rolled Garage And Parking: On Street Utilities: Other No. of Docks | 0. No. of Drive Doors | 16829. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.14 acres Zoned: CBD Flood Zone: No |
Docs Available : Property Disclosure Taxes $16,829 | Assesed Value $892,300 in 2023 | ||
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Data last updated July 7th, 2024 |
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