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Lisa Sevajian

Compass

lisa.sevajian@compass.com +1(978) 457-3406

Listed by Matthew Lefebvre • Downtown Realty

$ 3,195,000

Est. payment -/mo

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New

119 Hanover ST Manchester, NH 03101

11,248 SqFt

UPDATED:

01/06/2025 04:48 PM

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,248 sqft

Price per Sqft $284

MLS Listing ID 5025823

Year Built 1910

Annual Tax Amount $17,739

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning CBD

Rooms

Basement Entrance Walk-up

Basement Unfinished

Interior

Inclusions Building

Exterior

Parking Features On Street

Garage Description On Street

Utilities Available Other

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Rolled

Building

Foundation Fieldstone

Sewer Public

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

119 Hanover ST Manchester, NH 03101

Key Details

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Rooms

Interior

Exterior

Building

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119 Hanover ST