Mixed-use in downtown Manchester
Mixed-use in downtown Manchester
119 Hanover Street, Manchester, NH, 03101
$3,525,000
Asking Price
Property Details
Asking Price | $3,525,000 |
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!
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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 |