1050 Perimeter RdManchester, NH 03103

Property Details for 1050 Perimeter Rd

Year built

1962

Construction

STEEL FRAME

Lot size

16.88 AC

Property size (Sq ft)

146,997 SF

Property type

Warehouses

APN

MNCH M:0848 B:000 L:0002

APU

MNCHM0848B000L0002

Description

This exceptional 145,675 square foot industrial property, situated on a sprawling 16.88-acre lot in Manchester, New Hampshire, presents a unique investment opportunity. The building, constructed in 1962 and extensively renovated in 2015, offers a blend of manufacturing, flex, and warehouse space, currently featuring 8,000 square feet of immediately available space. The single-story structure boasts ceiling heights ranging from 12 to 16 feet, providing ample vertical clearance for various industrial uses. The property benefits from excellent access to major transportation arteries, including proximity to Manchester Airport and convenient access to I-293 via Brown Avenue and South Willow Street. Loading and unloading are facilitated by six loading docks and two drive-in doors. Ample parking is available with 800 spaces. The property features approximately 1600 linear feet of frontage on Perimeter Road, offering significant visibility and accessibility. The electrical service is robust, providing 3700 amps, 480 volts, 3-phase power. The property is zoned for General Industrial/Industrial Park use within Hillsborough County, and its park-like setting enhances its appeal. This versatile property is ideal for businesses seeking a well-located, functional, and spacious industrial facility in a desirable New Hampshire location. The zip code is 03103.

• CAP approach

  CAP return

  Valuation

  6%

  $54,226,600

  6.5%

  $50,055,300

  7%

  $46,480,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,730,600

  Geo Method

  $30,730,600

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $25,668,100

  Mixed-Use / Specialty

  $25,576,600

  Hospitality / Lodging

  $18,764,700

  Office

  $25,424,700

  Institutional / Educational

  $26,589,400

  Residential Income

  $31,109,600

  Multifamily

  $37,311,100

  Automotive / Energy

  $22,790,900

  Parking / Income-Based Land

  $7,864,860

  Restaurant / Food Service

  $13,302,600

  Healthcare / Senior Housing

  $26,228,300

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9345

Longitude

-71.4455

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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