Price Reduced 4.48%
Listing courtesy of Matthew Lefebvre, Downtown Realty Phone: 603-554-2309
Price History
$3,349,000
9/3/2024
$3,265,000
9/25/2024
$3,199,000
10/3/2024
119 Hanover Street, Manchester, NH, 03101
1910
11,248 sqft
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!
Status:
Active
Type:
Commercial
Units:
16
Zoning:
CBD
Frontage:
218
Parking:
On Street
Acreage:
0.14
Est. Taxes:
$17,850
Construction
Steel Frame,Brick Exterior
Elevator:
N
MLS #:
5012395