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!
Lot & Building Features
UtilitiesOther
ConstructionBrick Exterior, Steel Frame
Parking DescriptionOn Street
SewerPublic
Tax Year2023
Taxes Paid$17,850
WaterPublic
Basement DescriptionUnfinished
FoundationFieldstone
Lot DescriptionCity Lot
RoofRolled
Price History of 119 Hanover Street, Manchester, NH
Date
Name
Price
Difference
10/03/2024
Price Adjustment
$3,199,000
2.02%
09/24/2024
Price Adjustment
$3,265,000
2.51%
09/03/2024
Listing Price
$3,349,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
119 Hanover Street (MLS #5012395) is a commercial listing located in Manchester, NH.
This commercial listing is on a lot of 6,098 sqft (or 0.14 acres) and is 114 years old. This property was listed on 09/03/2024 and has been priced for sale at $3,199,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Downtown Realty
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 11/24/2024