• 119 Hanover St, Manchester, NH 03101

For Sale

Retail

For Sale

This property is available for sale
0.13
Acres
$1,275,000
Sale Price
  • Year Built
    1910 (Renovated 1978)
  • Total Building Size
    11,248 RSF
  • Overview

    INVESTMENT - Hard to find mixed use investment property with approximately a 10.84 CAP rate. Continually running solid income producer with 16 units and 2 additional income producing units in form of billboard and laundry. Property has 11 residential units with mix of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users as well as infrastructure of long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvements. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. Non-disclosure agreement needed for delivery of full financials and most updated rental information.

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Property Details

INVESTMENT - Hard to find mixed use investment property with approximately a 10.84 CAP rate. Continually running solid income producer with 16 units and 2 additional income producing units in form of billboard and laundry. Property has 11 residential units with mix of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users as well as infrastructure of long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvements. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. Non-disclosure agreement needed for delivery of full financials and most updated rental information.

  • Property Type
    Retail
  • Year Built
    1910Renovated 1978
  • Total Building Size
    11,248RSF
  • Total Acres
    0.13
  • Number of Floors
    2
  • Number of Buildings
    1
  • Zoning
    CBD MIXED COMMERCIAL
  • Property ID
    9815