180 Bridge StManchester, NH 03104

Property Details for 180 Bridge St

Year built

1925

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

4,212 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

MNCH M:0018 B:000 L:0020

APU

MNCHM0018B000L0020

Description

This exceptional three-story, 4,212 square foot office building presents a unique investment opportunity in the heart of Manchester, New Hampshire. Built in 1925 and extensively renovated in 2015, the property boasts a highly visible location on Bridge Street, offering excellent exposure and accessibility. Currently vacant, this Class C building is zoned C-1, providing flexibility for a variety of uses. The 0.37-acre lot includes ample parking with 14 off-street spaces and a detached two-car garage. The interior features nicely appointed spaces, ready for immediate occupancy. The building's strategic location offers easy access to downtown amenities, major highways, and key government buildings, including City Hall, the Manchester Courthouse, and the Hillsborough County Superior Court North, all within a short five-minute drive. The property also presents the potential for developing a residential apartment on the third floor, subject to necessary permits and approvals. With an asking price of $625,000, this represents a compelling opportunity for owner-occupancy or investment. The price per square foot is $148.39. This property is a rare find in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $696,369

  6.5%

  $642,803

  7%

  $596,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,340

  Geo Method

  $550,340

• Alternative Use

  Use

  Valuation

  Residential

  $797,075

  Hospitality

  $730,117

  Educational

  $607,448

  Medical

  $628,340

  Retail

  $944,920

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9958

Longitude

-71.4561

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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