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Listed by Matthew Lefebvre • Downtown Realty
$2,975,000
Est. payment /mo
11,248 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,248 sqft
Price per Sqft $264
MLS Listing ID 5037078
Year Built 1910
Annual Tax Amount $17,739
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multi-Family
Property 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.
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
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