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.
Active
Listed by:
Matthew Lefebvre,
Downtown Realty 603-554-2309
Price cut: $50K (7/8)
$2,900,000
119 Hanover Street, Manchester, NH 03101
--beds
--baths
11,248sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$2,729,700 Zestimate®
$258/sqft
$-- HOA
What's special
High-end finishesStainless steel appliancesNew laundry roomFree high-speed wi-fiGranite countertopsPremium lvp flooring
- 107 days
- on Zillow |
- 355 |
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