Price Reduction
Listed By:
Matthew Lefebvre with Downtown Realty;
Address
119 Hanover Street, Manchester, NH
Price
$ 3,465,000
Property Attributes
  • MLS#4988808
  • TypeMulti-Family
  • CountyHILLSBOROUGH
  • CityManchester
  • AreaHillsborough
  • Zip03101
  • StyleApartment Building
  • Year Built1910
  • Taxes$ 16829
  • Price$ 3,465,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16803
  • Lot Size0.14 Acres
Data Source:
PrimeMLS
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!

Price History
3/21/2024 Listed $3,600,000
5/2/2024 3% - $3,525,000
5/30/2024 2% - $3,465,000

General Features

Road Frontage TBD
Sewer Public
Heating Electric,Steam
Cooling Mini Split
Utilities Gas - On-Site,Other
Roof Rolled
Garage No
Flood Zone No
Zoning CBD
Status Active
Year Built 1910
Electric 200 Amp
Style Apartment Building
Stories 2
Construction Status Existing
Block 00
Tax Year 2023
Area NH-Hillsborough
Seasonal No
Area Description Commercial Zoning
Price Per Sq Ft Total AG 308.05
Tax Gross Amount 16829
Last Updated 05/30/2024 15:28:27

Interior Features

Basement Description Unfinished
Basement Yes
Heating Fuel Gas - Natural
Total Number of Units 16
Total 1 BR Units 11
SqFt-Apx Fin Above Grade 11248
SqFt-Apx Unfn Below Grade 5555
SqFt-Apx Total Finished 11248
SqFt-Apx Total 16803
Basement Access Type Walk-up

Exterior Features

Foundation Fieldstone
Driveway None
Roads Public
Lot Size Area 0.14
Lot 29

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 03101

Statistics provided by Inside Real Estate

Price
AVG $3.47M
$3.47M
Taxes
AVG $16,829
$16,829
Visits
AVG 177
177
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1910

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