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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$4,500,000

Price Change! reduced by $1,400,000 on December 13th 2023
MLS# 4970277
Under Contract 1 sq.ft. Bedroom | 0 Bathroom
Commercial
88 Lowell Street Manchester NH 		 
Price Change! reduced by $1,400,000 on December 13th 2023
$4,500,000 | $175 per sq.ft. Under Contract Commercial Property, 88 Lowell Street Manchester NH | Space type MLS# 4970277

DESCRIPTION
This magnificent c.1841 brick grammar school building...artfully restored and completely renovated in 2009 to include superb six story classroom and residence hall...offers a most flexible design a myriad of potential uses. Currently the home of a distinguished art school, the property houses 54 students on levels 3-6 in en-suite style including shared bathrooms with the adjoining suite. Sixth floor offers small manager's apartment and wonderful lounge/cafe' with views over the cityscape. Classroom/office space extends to first two floors and large lower level space, all serviced by central elevator and stairways. Building features exciting energy efficient design, geo-thermal heating and cooling, energy recapture systems and a LEEDS standard designation. A singular downtown building, considered Manchester's finest!
Building Type : Opportunity

Disability Features : Access Common Use Areas | Access Restrooms | Accessibility Features | Hard Surface Flooring | Multi-Level Bus w/Elevatr | Multi-Level w/4 Ft Stairs

Equipment : Indoor Air PLUS Package | Smoke Detectr-HrdWrdw/Bat | Sprinkler System | Generator - Standby

Sale Includes : Land/Building
Signage-| Adequate
Price per SQFT | 174.64 Net Income| 0
Management Expense-| $0
Insurance Expense -| $0

FEATURES AND DETAILS
CONSTRUCTION:
Brick Exterior | Combination Exterior | Price Per SQ.FT. 174.64 | Year Built: 2009
Eevators 1
No. of Units-| 28
Building Size | 25768
Available SQFT | 25768
Building Energy Certification: LEED for Homes
Basement: Climate Controlled | Concrete Floor | Finished | Full | Partially Finished | Stairs - Interior | Storage Space | Interior Access
Building Type: Opportunity
Sprinkler | Wet.
Roof: Membrane | Other
Garage And Parking: On Street
Road Frontage: 100
Heating: Geothermal | Other
Cooling: Central AC
Electric: 3 Phase | Circuit Breaker(s) | Generator
Utilities: Cable - At Site | Gas - At Street | Multi Phone Lines | Underground Utilities
No. of Docks | 0.
No. of Drive Doors | 25768.
AC % | 100.
LAND INFORMATION
 
ADDITIONAL INFORMATION
Lot size: 0.22 acres
Zoned: c1+CBD
Road Frontage: 100
 Docs Available : Building Plans | Plot Plan | Tax Map
Taxes $97,642  | Assesed Value $5,353,200 in 2022
  • 88 Lowell St. 20215934 88 Lowell St.
  • Exquisite Renovation 20215949 Exquisite Renovation
  • Top Level Cafe Top Level Cafe' overlooking the city
  • Story of Green Construction Montage 20216083 Story of Green Construction Montage
  • Generous Meeting Spaces 20215947 Generous Meeting Spaces
  • Front Entry Hall and Central Stairway 20215950 Front Entry Hall and Central Stairway
  • Sixth Floor Eatery 20215938 Sixth Floor Eatery
  • Common Kitchen detail 20215937 Common Kitchen detail
  • Wide Stairway 20215942 Wide Stairway
  • Dormitory Room 20215941 Dormitory Room
  • Bedroom space detail 20215940 Bedroom space detail
  • Cafe Cafe' Nook
  • Double Occupancy Spaces 20215939 Double Occupancy Spaces
  • Computer Lab 20215944 Computer Lab
  • Office Space 20215946 Office Space
  • Technology Space 20215951 Technology Space
  • Drafting room 20215952 Drafting room
  • Classroom 20215945 Classroom
  • Office cubical 20215953 Office cubical
  • Creative Space 20215995 Creative Space
  • Power room 20216039 Power room
  • Geothermal systems detail 20216080 Geothermal systems detail
  • Monitoring Panels 20216081 Monitoring Panels
  • Sprinkler Feed 20216082 Sprinkler Feed
  • Victory Park Surroundings 20216084 Victory Park Surroundings
  • A Landmark Property 20215935 A Landmark Property
15 Buck Rd. Hanover, NH 03755 603-643-3942

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