For Sale
$950,000

562 Clay St Manchester, NH 03103

14-unit redevelopment, vacant building, approved plans

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional redevelopment opportunity presents a vacant, 8,832 square foot, two-story building situated on a 5,227 square foot lot in Manchester, NH. Zoning approval is in place for a three-story, 14-unit residential building (7 one-bedroom, 5 two-bedroom, and 2 three-bedroom units) totaling 12,807 square feet. Phase 1 is complete, and comprehensive construction drawings are available. The property, located at 562 Clay Street, features off-street parking, bike storage, and a laundry room. The existing building, built in 1919, is currently vacant, offering immediate potential for development. The asking price is $950,000, or $67,877 per unit, and the lot consists of two adjacent parcels. The property is zoned R3 and has an APN of 264-12. This prime location in Manchester, New Hampshire's Somerville neighborhood, offers significant upside potential for investors seeking a multifamily development project with approved plans and a clear path to permit acquisition. The property is individually owned.

Highlights

  • Approved 14-unit residential development with a mix of one-, two-, and three-bedroom floor plans.
  • 5,227 square foot lot size encompassing two adjacent parcels.
  • Offers off-street parking, bike storage, and a laundry room.
  • Located in the desirable Somerville neighborhood.

Property Details for 562 Clay St

Property type
Commercial real estate
Square Feet
8,832 SF
Class
C
Year Built
1919
Buildings
1
Stories
2
Units
14

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.97579106343
Longitude
-71.44879854451

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FAQs

What type of property is this?
Commercial real estate - 14-unit redevelopment, vacant building, approved plans
Where is the commercial real estate located?
The property is located at 562 Clay St Manchester, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approved 14-unit residential development with a mix of one-, two-, and three-bedroom floor plans.; 5,227 square foot lot size encompassing two adjacent parcels.; Offers off-street parking, bike storage, and a laundry room.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Francis Saenz
Francis Saenz
Drew Kirkland
Drew Kirkland
Jim Casey
Jim Casey
Patrick Wheeler
Patrick Wheeler
Visit Broker Website

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Useful Information

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Clay St
Manchester, NH 03103

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Clay St
Manchester, NH 03103

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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562 Clay St
  • Francis Saenz
    Francis Saenz
  • Drew Kirkland
    Drew Kirkland
  • Jim Casey
    Jim Casey
  • Patrick Wheeler
    Patrick Wheeler
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