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Listed by Matthew Lefebvre of Downtown Realty
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!

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1910
  • Units16
  • # of 1 Bedrooms11
  • BasementUnfinished
  • FoundationFieldstone

Utilities

  • Heat FuelGas - Natural
  • Heat SystemElectric, Steam
  • Electric200 Amp
  • SewerPublic
  • UtilitiesGas - On-Site, Other

Basic Information

  • StatusACT
  • List Price$3,600,000
  • Date Price Change03/21/2024
  • MLS Number4988808
  • MLS StatusActive

Property

  • Acreage0.14
  • Parking Spaces
  • Lot29
  • Square Feet11,248
  • APX Fin AG Sqft11,248
  • RoadsPublic
  • AreaCommercial Zoning

Location

  • TownManchester
  • StateNH
  • Zip03101
  • CountyHillsborough
  • ZoningCBD
  • Flood Zone Y/NNo

Exterior

  • RoofRolled

Amenities

  • PricePerSqFt320.06

Other

  • Taxes$16,829
  • Seasonal Y/NNo
  • Date Listed03/21/2024
  • View Count1

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 April 17, 2024 2:52 AM EDT

 

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