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Courtesy of Matthew Lefebvre of Downtown Realty: .

119 Hanover Street

Manchester, NH 03101
  • $3,465,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 4985822
Price Reduced
UPDATED: 88 min ago
$3,465,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,248
    SQFT
  • $308
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchesters 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 faade. 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. Dont let this opportunity to own a turnkey building in Manchesters downtown pass you by!

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© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-06-12T10:06:30.323.
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119 Hanover Street Manchester, NH 03101

  • Price: $3,465,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 88 min ago
  • MLS #: 4985822
0
Beds
0
Baths
0
½ Baths
0.14
Acres
11,248
SQFT
$308
$/SQFT
1910
Built
Neighborhood:
Manchester
County:
Hillsborough
Area:
Manchester
Property Description
119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchesters 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 faade. 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. Dont let this opportunity to own a turnkey building in Manchesters downtown pass you by!
Exterior Features

Construction Materials Steel FrameBrick Exterior Lot Features City Lot Parking On Street Road Frontage TBD Roof Rolled Total Loading Docks 0 Water Body Access YN No Water View YN No Waterfront Property No

Interior Features

Basement Yes Basement Access Type Walk-up Basement Description Unfinished Foundation Fieldstone Sq Ft Total Building 16829 Sq Ft Total Source Public Records Total Elevators 0

Property Features

Area Description Commercial ZoningIn TownNear ShoppingNear Public Transportatn Assessment Amount 892300 Assessment Year 2023 Auction No Building Number 119 Covenants Unknown Flood Zone No Foreclosed / Bank Owned / REO No Pre Construction No Sale Includes Building Seasonal No Sewer Public Sub Property Type Multi-Family Tax Gross Amount 16829 Tax Year 2023 Taxes Tbd No Utilities Other Vacant Land No Water Source Public Zoning CBD

Courtesy of Matthew Lefebvre of Downtown Realty: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-06-12T10:06:30.323.
 
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