Mixed-use in downtown Manchester

Mixed-use in downtown Manchester

119 Hanover Street, Manchester, NH, 03101

$3,600,000

Asking Price

Property Details

Asking Price

$3,600,000

Building Size

16,829 SF

Lot Size

0.14 Acres

Zoning

CBD

Year Built

1910

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!

Listing Contacts

Matthew Lefebvre
Matthew Lefebvre

Principal Broker

NH# 078360

603 554 2309

[email protected]

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Property Information

County

Hillsborough

Zoning

CBD

Year Built

1910

Gross Building Area

16,829 SF

Net Rentable

11,248 SF

Lot Size

0.14 Acres

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