16 Willow StManchester, NH 03103

For Sale
$1,000,000
Class A Office, 7 Units, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional investment opportunity: This Class A, multi-tenant office building at 16 South Willow Street in Manchester, New Hampshire, offers a compelling return. The 4,488 square foot property, built in 1915 and situated on a 7,680 square foot lot, boasts a 7% cap rate with current rents. The building is fully occupied, featuring seven units including a long-term credit anchor tenant with a recently renewed five-year lease. Two residential units on the upper floors provide additional income potential, potentially increasing the cap rate to 8%. The property requires no immediate capital improvements. Located in a high-traffic area (10,989 vehicles per day in 2022), it benefits from high visibility, ample parking, and easy access. Individual HVAC, central air, gas, and electric systems are in place. The property is zoned for office buildings and offers a strong, stable income stream. Asking price is $1,000,000, with a price per square foot of $222.82. This is a turnkey investment ready for immediate cash flow.

Highlights

  • Class A, multi-tenant office building at 16 South Willow Street, Manchester, NH.
  • 4,488 SF building on a 7,680 SF lot, built in 1915.
  • 7% cap rate with current rents, fully occupied with seven office units and two residential units.
  • Strong, stable income stream; long-term anchor tenant with a recently renewed five-year lease.
  • High-traffic location (10,989 VPD in 2022), high visibility, ample parking.
  • Individual HVAC, central air, gas, and electric; no immediate capital improvements needed.

Property Details for 16 Willow St

Property type
Office properties
Square Feet
4,488 SF
Class
A
Year Built
1915
Buildings
1
Stories
2
Units
7

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.973467
Longitude
-71.4572542
16 Willow St, Manchester, New Hampshire

FAQs

What type of property is this?
Office property - Class A Office, 7 Units, 100% Occupancy
Where is the office property located?
The property is located at 16 Willow St Manchester, NH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Class A, multi-tenant office building at 16 South Willow Street, Manchester, NH.; 4,488 SF building on a 7,680 SF lot, built in 1915.; 7% cap rate with current rents, fully occupied with seven office units and two residential units.
How can I contact the broker?
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16 Willow St
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