Commercial for Sale: 119 Hanover Street, Manchester, NH 03101

$3,199,000
$3,199,000
119 Hanover Street, Manchester, NH 03101
$3,199,000
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Price:
$3,199,000
$66,000 - 10/03/2024

Type Commercial
Lot Size 0.14 acres
Year Built 1910
Taxes Paid $17,850

City Manchester
County Hillsborough

MLS 5012395
Status Active
DOM 80 days
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

Utilities Other
Construction Brick Exterior, Steel Frame
Parking Description On Street
Sewer Public
Tax Year 2023
Taxes Paid $17,850
Water Public
Basement Description Unfinished
Foundation Fieldstone
Lot Description City Lot
Roof Rolled

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.

Map of 119 Hanover Street, Manchester, NH

Location Map Street View
Photo of Wayne Bailey
Direct: 603-765-3564
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Downtown Realty, Matthew Lefebvre
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0.55798687089716%
6.75%
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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.

Nearby zip codes are 03102, 03103 6080, 03103, 03104 and 03109. This property neighbors other cities such as Auburn, Bedford, Goffstown and Hooksett.

PrimeMLS

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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 11/22/2024