57 Market StManchester, NH 03105

Property Details for 57 Market St

Year built

1870

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

6,074 SF

Property type

Office properties

Property subtype

Office buildings

APN

MNCH M:0154 B:000 L:0027

APU

MNCHM0154B000L0027

Description

This exceptional 6,074 square foot office building at 57 Market Street in Manchester, New Hampshire, presents a unique investment opportunity. Built in 1870 and renovated in 2019, this Class B property boasts a blend of classic architectural details and modern amenities. The two-story building, situated on a 0.18-acre lot in the Central Business District, offers high ceilings, elegant woodwork, and ample natural light. The interior includes multiple offices, a reception area, conference rooms, and a kitchenette. The property is easily adaptable, capable of functioning as a single large space or subdivided into three separate units, providing flexibility for various professional uses. Parking is readily available with six on-site spaces, six reserved spaces in a nearby city lot, and additional on-street parking. Its prime downtown location offers excellent visibility and convenient access to major highways, City Hall, restaurants, shops, and public transportation. This property is an ideal choice for businesses seeking a prestigious address in a vibrant and thriving urban setting. The building's historical significance, combined with its modern updates and flexible layout, makes it a truly remarkable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,004,214

  6.5%

  $926,966

  7%

  $860,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $793,629

  Geo Method

  $793,629

• Alternative Use

  Use

  Valuation

  Residential

  $1,149,438

  Hospitality

  $1,052,879

  Educational

  $875,983

  Medical

  $906,110

  Retail

  $1,362,641

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.991

Longitude

-71.4647

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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