119 Hanover St Manchester, NH 03101

This exceptional mixed-use property, located at 119 Hanover Street in Manchester, New Hampshire's vibrant downtown, presents a compelling investment opportunity. The 16,829 square foot, two-story brick building, constructed in 1910 and extensively renovated in 2022, offers a blend of residential and commercial spaces. The property features 11 apartments (a mix of studios and one-bedroom units), each meticulously remodeled with high-end finishes including granite countertops, stainless steel appliances, premium LVP flooring, and in-unit air conditioning. Residents enjoy free high-speed internet, a new laundry room, and enhanced security with high-resolution cameras. Five retail units are fully occupied under multi-year leases, and a leased billboard provides additional income potential. Recent upgrades include new electrical panels, updated plumbing, high-efficiency mini-splits, a new rubber roof, and a freshly painted façade. The property sits on a 0.14-acre lot in the CBD zoning district, offering proximity to key attractions like the Hanover Street Chophouse and The Palace Theater. The asking price is $3,199,000, with a net rentable square footage of 11,248 and a price per square foot of $190.09. This stabilized investment boasts a strong tenant base and significant recent improvements, making it an attractive addition to any portfolio. The building's prime location and diverse income streams offer excellent potential for long-term growth and return on investment.