Properties

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!

Property Details
Active
No
$17, 850
2023
0
CBD
Public
6, 098 Sqft
TBD
$284
Unknown
Location
119 Hanover Street
NH-Hillsborough
US
NH
Manchester
03101
NH-Hillsborough
No
Exterior
Fieldstone
Rolled
Existing
0
None
Interior
: Unfinished
Utilities
Public
: Electric, Steam
: Mini Split
200 Amp
Gas - Natural
Gas - On-Site, Other
Listing Info
4927

For Sale

119 Hanover Street, Manchester, New Hampshire 03101

16,803 Sqft
$3,199,000
MLS # 5012399
Basic Info
Downtown Realty
Matthew Lefebvre
Property Type :
Listing Type : For Sale
Price : $3, 199, 000
Lot Area : 0.14 Acre
Square Footage : 16, 803 Sqft
Year Built : 1910
MLS # : 5012399
Days On Market : 30
Agent info
Cowan & Zellers
Contact Agent