List Price: $2,975,000 | $177 per sq.ft. Commercial
Space type
Date Listed Monday Apr 21, 2025 | MLS# 5037078
Space type
Date Listed Monday Apr 21, 2025 | MLS# 5037078
To see this Listing
Address: 119 Hanover Street Manchester NH
Listed by Matthew Lefebvre Downtown Realty
Description:
119 Hanover Street presents a rare opportunity to own a fully occupied, mixed-use property in the heart of downtown Manchester, all for under $3 million! Positioned on the corner of Hanover and Chestnut Street--just steps from The Palace Theater, Hanover Street Chophouse, and major new multifamily developments--this location offers unmatched walkability and visibility. The two-story brick building features 11 fully leased apartments (a mix of studios and 1-bedrooms), 5 commercial storefronts, and a long-standing billboard lease. Every unit has undergone significant renovations in the past two years, including new electrical panels, updated plumbing, a new rubber roof, high-efficiency mini-splits, and a freshly painted exterior. Each residential unit is outfitted with high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit A/C. Residents also enjoy free high-speed Wi-Fi, a new laundry room, and 24/7 security coverage via high-resolution interior and exterior cameras. All five commercial spaces are leased on multi-year terms to a stable mix of retail and restaurant tenants. The on-site billboard--rented for nearly 30 years--offers additional upside with a tenant currently paying below-market rent on an at-will basis. Don't miss this chance to acquire a fully renovated, income-producing building in one of New Hampshire's strongest rental markets.
Building Type : Multi-Family
Sale Includes : Building
Listed by Matthew Lefebvre Downtown Realty
Description:
119 Hanover Street presents a rare opportunity to own a fully occupied, mixed-use property in the heart of downtown Manchester, all for under $3 million! Positioned on the corner of Hanover and Chestnut Street--just steps from The Palace Theater, Hanover Street Chophouse, and major new multifamily developments--this location offers unmatched walkability and visibility. The two-story brick building features 11 fully leased apartments (a mix of studios and 1-bedrooms), 5 commercial storefronts, and a long-standing billboard lease. Every unit has undergone significant renovations in the past two years, including new electrical panels, updated plumbing, a new rubber roof, high-efficiency mini-splits, and a freshly painted exterior. Each residential unit is outfitted with high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit A/C. Residents also enjoy free high-speed Wi-Fi, a new laundry room, and 24/7 security coverage via high-resolution interior and exterior cameras. All five commercial spaces are leased on multi-year terms to a stable mix of retail and restaurant tenants. The on-site billboard--rented for nearly 30 years--offers additional upside with a tenant currently paying below-market rent on an at-will basis. Don't miss this chance to acquire a fully renovated, income-producing building in one of New Hampshire's strongest rental markets.
Building Type : Multi-Family
Sale Includes : Building
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1910
Steel Frame | Brick Exterior
Price Per SQ.FT. 176.79 No. of Units: 16
Building Size : 16828
Available SQFT : 11248
Building Type: Multi-Family
Year Built: 1910
Steel Frame | Brick Exterior
Price Per SQ.FT. 176.79 No. of Units: 16
Building Size : 16828
Available SQFT : 11248
Building Type: Multi-Family
ExteriorRoof: Rolled
InteriorBasement: Unfinished
Land Information
Lot size: 0.14 acres
Zoned: CBD
Road Frontage: 218
Garage And Parking: On Street
Road Frontage: 218
No. of Docks | 0.
UtilitiesUtilities: Other
AC % | 0.
Additional Information
Docs Available : Property Disclosure
Taxes $17,739
Assesed Value Not Reported
Docs Available : Property Disclosure
Taxes $17,739
Assesed Value Not Reported
Schools
