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119 Hanover Street, Manchester, NH 03101
$3,600,000
119 Hanover Street, Manchester, NH 03101View this property at 119 Hanover Street, Manchester, NH 03101
119 Hanover StreetManchesterNH03101
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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 facade. 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!
Full Property Details
Full Property Details for 119 Hanover St
General
- Price: $3,600,000
- Taxes: $16,829 (2023)
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: 4985822
- Updated: 3/21/2024
- Added to Site: 65 day(s) ago
Parking
- Parking: On Street
Location
- County: Hillsborough
Utilities
- Sewer: Public
Structural Information
- Basement Entrance: Walk-up
- Basement Desc.: Unfinished
- Roof: Rolled
- Square Feet: 16,829
- Finished Total: 11,248 Sq. Ft.
- Year Built: 1910
Unit Information
- Units in Building: 16
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Frontage: TBD
- Zoning: CBD
Financial Considerations
- Price Per Sq. Ft.: $213.92
- Assessment Year: 2023
- Assessment Amount: $892,300
- Tax Amount: $16,829
- Tax Year: 2023
Timeshare
- Fractional Own: Adequate
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Property Disclosure
Listed by Downtown Realty, Matthew Lefebvre
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Schools
Schools serving 119 Hanover St
School District:Manchester School District
Rating | Name | Grades | Distance |
---|---|---|---|
550 Lowell St, Manchester, NH 03104 | PK-5 | 1.1 mi | |
112 Reservoir Ave, Manchester, NH 03104 | 6-8 | 1 mi | |
535 Beech St, Manchester, NH 03104 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 119 Hanover St
Date
Details
Price
Change
Source
3/21/2024
Price Reduced
$3,600,000
-2.7%
MLS
2/22/2024
Listed
$3,700,000
138.71%
MLS
10/14/2020
Sold
$1,550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 119 Hanover St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,829
3%
$892,300
—
2022
$16,276
3%
$892,300
—
2021
$15,776
-8%
$892,300
29%
2020
$17,097
1%
$693,300
—
2019
$16,861
3%
$693,300
—
2018
$16,417
2%
$693,300
—
2017
$16,168
1%
$693,300
—
2016
$16,043
1%
$693,300
2%
2015
$15,904
—
$678,500
—
2014
$15,945
4%
$678,500
—
2013
$15,382
—
$678,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 119 Hanover St
119 Hanover Street, Manchester, NH 03101 (MLS# 4985822) is a Commercial Multi-Family property. 119 Hanover Street is currently listed for $3,600,000 and was received on February 22, 2024. Want to learn more about 119 Hanover Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Manchester? You can browse all Manchester real estate or contact a Coldwell Banker agent to request more information.