293 Elm StManchester, NH 03101

Property Details for 293 Elm St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

7,696 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

MNCH M:0166 B:000 L:0017

APU

MNCHM0166B000L0017

Description

This exceptional mixed-use building offers flexible office space in the heart of Manchester, NH's vibrant downtown. Located directly on Elm Street, this two-story, 8,700 square foot building, constructed in 1900, provides convenient access to major roadways, including I-293, and is surrounded by a thriving commercial district. The property is zoned CBD and situated in Hillsborough County. Currently, 5,000 square feet of vacant space is available for lease, offering a unique opportunity for businesses seeking a prominent location. The space is divisible, with options ranging from 2,228 square feet to a maximum contiguous space of 5,000 square feet. Two individual units are available: Unit 2, offering approximately 2,772 square feet, will be available February 1st, 2025; and Unit 3, offering approximately 2,228 square feet. Units 2 and 3 can be combined to create a larger 5,000 square foot space. The building offers convenient on-site and on-street parking. Enjoy the benefits of a central location, surrounded by established businesses such as Antiques on Elm, Market Basket, Manchester Music Mill, and Triangle Credit Union. This is an ideal opportunity to establish a presence in a bustling downtown area with high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,870,397

  6.5%

  $1,726,520

  7%

  $1,603,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,534,010

  Geo Method

  $2,534,010

• Alternative Use

  Use

  Valuation

  Residential

  $1,456,384

  Hospitality

  $1,334,040

  Educational

  $1,109,906

  Medical

  $1,148,077

  Retail

  $1,726,520

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9822

Longitude

-71.4627

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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