Listed by Matthew Lefebvre with Downtown Realty 603-554-2309

Active

119 Hanover Street

Manchester NH, 03101

$3,525,000


$209.46 per sqft

Active

16 Baths

16,829 sqft

Commercial

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!

4985822

MLS ID

February 22, 2024

Listed

May 14, 2024

Updated

Map

119 Hanover Street
Manchester NH, 03101

Interior Features

Total Bathrooms

16


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Commercial Zoning, In Town, Near Shopping, Near Public Transportatn


Roof

Rolled


Sewer

Public

Other Property Details

Area Name

NH-Hillsborough


Taxes

$16,829


Tax Frequency

Annually


Days on Market

70


Garage

No


Parking

On Street


View

No


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/2/2024

Price Change

$3,525,000

-3%

3/21/2024

Price Change

$3,600,000

-3%

Listed by Matthew Lefebvre with Downtown Realty 603-554-2309

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