119 Hanover Street
119 Hanover Street
Manchester, NH 03101
$3,600,000
Price
—
Beds
11,248 Sq. Ft.
$320 / Sq. Ft.
11,248
Sq. Ft.
$320
per Sq. Ft.
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...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!
- Listed by Matthew Lefebvre • Downtown Realty
Property Details for 119 Hanover Street
Zoning
CBD
Location
Listing Courtesy of Downtown Realty
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LISTING UPDATED: 03/21/2024 11:12 PM
Property Details for 119 Hanover Street
| Status | Active |
|---|---|
| MLS # | 4988808 |
| Days on Market | 38 |
| Taxes | $16,829 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Hillsborough County |
Location
Listing Courtesy of Downtown Realty
Add your commute
Building Information for 119 Hanover Street
Stories2Residences16Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$21,049 per month
30 year fixed, 7.25% Interest
Principal and Interest
$19,647
Property Taxes
$1,402
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 119 Hanover Street
Summary
Location and General Information
- Area Description: Commercial Zoning
- City: Manchester
- County: NH-Hillsborough
- Latitude: 42.990726000000016
- Longitude: -71.460464457672117
- Road Frontage: TBD
- Seasonal: No
- State: NH
- Street Designation: Street
- Map: 50
- Zip Code: 03101
Taxes and HOA Information
- Tax - Gross Amount: $16,829.00
- Tax Year: 2023
- Taxes TBD: No
Parking
- Garage: No
- Driveway: None
Property
Lot Information
- Block: 00
- Lot: 29
- Lot - Sqft: 6098.0
- Lot Features: City Lot, Corner
- Lot Size Acres: 0.14
- Square Feet Apx Finished Above Grade: 11248.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 16803.0
- Square Feet Apx Total Finished: 11248.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 5555.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Fieldstone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1910
Utilities
- Electric: 200 Amp
- Sewer: Public
- Water Source: Public
- Utilities: Gas - On-Site, Other
- Separate Utilities: Yes
- Internet: High Speed Intrnt -AtSite
Interior and Exterior Features
Exterior Features
- Construction Materials: Steel Frame, Brick Exterior
- Roads: Public
- Roof: Rolled
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Unfinished
- Heat Fuel: Gas - Natural
- Heating: Electric, Steam
- Cooling: Mini Split
- Total Stories: 2
Multi Family
Multi-Family Information
- Total Units: 16
- Total 1 BR Units: 11
- Total 2 BR Units: 0
- Total 3+ BR Units: 0
Property History for 119 Hanover Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 119 Hanover Street
Taxable ValueLand$131,100Additions$761,200Total$892,300
Tax Record2023$16,829 ($1,402 / month)
Home Facts
Total Finished SqFt11,248 SqFtAbove Grade Finished SqFt11,248 SqFtStories2Lot Size5,880 SqFtStyleStoresYear Built1910CountyHILLSBOROUGHAPNMNCH M:0050 B:000 L:0029
Schools near 119 Hanover Street
This home is within Manchester School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mcdonough School PublicK to 5 | ||
Hillside Middle School Public6 to 8 | ||
Manchester Central High School Public9 to 12 | ||
Manchester School Of Technology (High School) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Downtown Realty
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 04/28/2024 01:00 AM
