Listed by Matthew Lefebvre with Downtown Realty 603-554-2309
Active
119 Hanover Street
Manchester NH, 03101
$3,199,000
$284.41 per sqft
Active
11,248 sqft
Multi-family
Built in 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 facade. 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!
5012399
MLSⓇ ID
September 3, 2024
Listed
October 29, 2024
Updated
Map
119 Hanover Street
Manchester NH, 03101
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Mini Split
Heating
Yes
Heating Description
Electric, Steam, Gas - Natural
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Commercial Zoning
Roof
Rolled
Sewer
Public
Other Property Details
Area Name
NH-Hillsborough
Taxes
$17,850
Tax Frequency
Annually
Days on Market
30
Garage
No
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/3/2024 | Price change | $3,199,000 -3% |
9/24/2024 | Price change | $3,265,000 -3% |
Listed by Matthew Lefebvre with Downtown Realty 603-554-2309
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