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

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


Community Info

School Info

Walk Score

Mass Transit

Yelp