516 Elm StManchester, NH 03101

Property Details for 516 Elm St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

3,300 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

MNCH M:0149 B:000 L:0003

APU

MNCHM0149B000L0003

Description

This exceptional 14,300 square foot mixed-use property at 516 Elm Street in Manchester, New Hampshire, presents a unique investment opportunity. Located in the heart of the city's vibrant Central Business District (CBD), this two-story, free-standing building boasts a prime location directly across from the SNHU Arena. Built in 1900, the building currently features multiple tenants and offers 8,500 square feet of immediately available space. The versatile layout is ideal for a variety of retail, restaurant, or flex space uses, including tavern/bar/nightclub possibilities. Unit 2, encompassing approximately 8,500 square feet, includes a convenient drive-in door and impressive 11-foot ceilings. The property sits on a 0.25-acre lot and provides ample on-site parking, a significant advantage in this high-traffic area. The property's APN is 149-3, and it is zoned for CBD use, ensuring flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a substantial, well-located property in a thriving downtown setting. Don't miss this chance to establish your business in a highly visible and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $802,015

  6.5%

  $740,322

  7%

  $687,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,086,568

  Geo Method

  $1,086,568

• Alternative Use

  Use

  Valuation

  Residential

  $624,489

  Hospitality

  $572,029

  Educational

  $475,921

  Medical

  $492,289

  Retail

  $740,322

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9855

Longitude

-71.4634

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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