2188 Candia RdManchester, NH 03109

Property Details for 2188 Candia Rd

Year built

1965

Construction

FRAME

Lot size

0.29 AC

Property size (Sq ft)

6,000 SF

Property type

Retail properties

APN

MNCH M:0870 B:000 L:0018

APU

MNCHM0870B000L0018

Description

This exceptional 6,000 square foot mixed-use building presents a prime investment opportunity in Manchester, New Hampshire. Located at the busy Massabesic Traffic Circle, this property boasts excellent visibility and convenient access to major highways and the 28 bypass, ensuring high customer traffic. The building, constructed in 1965, features two stories and sits on a 0.29-acre lot. Currently zoned B-2, it offers versatile usage potential, although the Lake Massabesic Overlay District imposes certain restrictions. The single-unit building is classified as Class C and is offered at $895,000. The existing parking could potentially be expanded at the rear of the property. This owner-user opportunity is ideal for a variety of retail, office, or service businesses seeking a high-visibility location with strong growth potential. The property's strategic location at a heavily trafficked circle makes it an attractive option for businesses aiming to maximize their customer reach. The building's size and zoning flexibility provide ample space and operational freedom. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,458,210

  6.5%

  $1,346,040

  7%

  $1,249,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,975,579

  Geo Method

  $1,975,579

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,435

  Hospitality

  $1,040,052

  Educational

  $865,311

  Medical

  $895,070

  Retail

  $1,346,040

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

43.0038

Longitude

-71.3934

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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