 603-643-3942
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$2,975,000 | $177 per sq.ft.
Commercial Property, 119 Hanover Street Manchester NH | Space type MLS# 5037078
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| DESCRIPTION
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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 Signage-| Adequate Price per SQFT | 176.79 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0 | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Steel Frame | Brick Exterior | Price Per SQ.FT. 176.79 | Year Built: 1910 Eevators 0 No. of Units-| 16 Building Size | 16828 Available SQFT | 11248 Basement: Unfinished |
Building Type: Multi-Family Roof: Rolled Garage And Parking: On Street Road Frontage: 218 Utilities: Other No. of Docks | 0. No. of Drive Doors | 16828. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.14 acres Zoned: CBD Road Frontage: 218 |
Docs Available : Property Disclosure Taxes $17,739 | Assesed Value $0 in | ||
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated April 24th, 2025 |
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