$ 3,199,000
119 Hanover ST Manchester, NH 03101
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Listed by Matthew Lefebvre • Downtown Realty
$ 3,199,000
Est. payment /mo
Price Dropped by $66K
119 Hanover ST Manchester, NH 03101
11,248 SqFt
UPDATED:
10/03/2024 03:49 PM
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,248 sqft
Price per Sqft $284
MLS Listing ID 5012395
Year Built 1910
Annual Tax Amount $17,850
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
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!
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning CBD
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Inclusions Building
Exterior
Garage On Street
Garage Description On Street
Utilities Available Other
Waterfront No
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Rolled
Building
Foundation Fieldstone
Sewer Public
