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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$624,255
6.5%
$576,235
7%
$535,075
Comparable approach
Method
Valuation
Relative Method
$448,425
Geo Method
$448,425
Alternative Use
Use
Valuation
Industrial / Distribution
$1,123,710
Mixed-Use / Specialty
$574,181
Hospitality / Lodging
$421,258
Office
$570,770
Institutional / Educational
$596,916
Residential Income
$698,392
Multifamily
$837,614
Automotive / Energy
$511,643
Parking / Income-Based Land
$176,562
Restaurant / Food Service
$298,636
Healthcare / Senior Housing
$588,812
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
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Elm St Manchester, NH 03101
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Elm St Manchester, NH 03101
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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.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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