708 Pine StManchester, NH 03104

Property Details for 708 Pine St

Year built

1890

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

4,635 SF

Property type

Office properties

Property subtype

Office buildings

APN

MNCH M:0071 B:000 L:0011

APU

MNCHM0071B000L0011

Description

This stunning Victorian commercial building at 708 Pine Street in Manchester, NH offers 4,635 square feet of meticulously maintained office space. Ideal for a variety of professional uses, this property boasts 14 private offices, multiple conference rooms, a spacious reception area, and large open work areas, providing flexibility for diverse business needs. The first floor offers convenient handicap access. Additional features include a kitchenette, ample storage rooms, and one and a half bathrooms. Recent upgrades include new LED lighting and fresh paint throughout, ensuring a modern and efficient workspace. The building benefits from high-speed internet access and is exceptionally clean. Located on a heavily trafficked Manchester road, the property offers excellent visibility and ample parking. The 0.3-acre lot provides significant space for client and employee parking, and allows for prominent signage. The lease includes water, sewer, heat, trash removal, electricity, snow plowing, and lawn care, minimizing operational costs for the tenant. The landlord is flexible and willing to consider various lease options, accommodating needs for office space ranging from individual offices to entire floors or the entire building. A well-qualified tenant with strong references is required. Available immediately.

• CAP approach

  CAP return

  Valuation

  6%

  $766,304

  6.5%

  $707,358

  7%

  $656,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,609

  Geo Method

  $605,609

• Alternative Use

  Use

  Valuation

  Residential

  $877,123

  Hospitality

  $803,440

  Educational

  $668,453

  Medical

  $691,442

  Retail

  $1,039,816

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

43.0045

Longitude

-71.4617

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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