293 Main StManchester, NH 03102
- Retail properties
- 2,023 SF
Property Details for 293 Main St
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 2,023 SF
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- MNCH M:0659 B:000 L:0006
- APU
- MNCHM0659B000L0006
Description
This exceptional 2,023 square foot bank branch, built in 2006, is situated on a 0.217-acre lot at the highly visible corner of South Main Street and Milford Street in Manchester, New Hampshire. The property boasts a convenient drive-through canopy (103 sq ft) and six on-site parking spaces. Located in the Neighborhood Business District (B-1) zoning, this single-story building benefits from a daily traffic count exceeding 12,000 vehicles. Its prime location offers easy access to Interstate 293 via Exit 4 (less than a mile away) and is within a short distance of downtown Manchester's amenities, including restaurants, shops, lodging, and entertainment. The Manchester-Boston Regional Airport is a convenient 20-minute drive. The asking price for this well-maintained property is $750,000. The property's APN is Map 659, Lot 006. This presents a unique opportunity for investors seeking a high-visibility commercial property in a thriving New Hampshire market. The property's location and accessibility make it an ideal investment for a variety of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $491,660
- 6.5%
- $453,840
- 7%
- $421,423
-
Comparable approach
- Method
- Valuation
- Relative Method
- $666,099
- Geo Method
- $666,099
-
Alternative Use
- Use
- Valuation
- Residential
- $382,831
- Hospitality
- $350,671
- Educational
- $291,754
- Medical
- $301,788
- Retail
- $453,840
Location Insight
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Latitude
- 42.9789
- Longitude
- -71.4777
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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