375 Willow StManchester, NH 03103

  • Commercial real estate
  • 66,857 SF

Property Details for 375 Willow St

Year built
2004
Lot size
5.73 AC
Property size (Sq ft)
66,857 SF
Property type
Commercial real estate
APN
MNCH M:0300 B:000 L:0043
APU
MNCHM0300B000L0043

Description

This exceptional 170,000 square foot shopping center, located at 375 South Willow Street in Manchester, New Hampshire (zip code 03103), presents a compelling investment opportunity. Currently featuring multiple tenants, the property boasts a significant 68,644 square feet of immediately available retail space. The center is strategically situated in Hillsborough County, offering excellent visibility and accessibility for businesses seeking a prime location within a thriving market. With a total of 626 parking spaces, customer convenience is ensured. The property's substantial size and high-traffic location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. The available space provides a unique chance to establish a flagship location or expand an existing retail presence. This is a rare opportunity to acquire a well-positioned retail center in a desirable New Hampshire market. The property's size, parking capacity, and prime location combine to create a compelling investment proposition for discerning buyers seeking a high-impact retail asset. Serious inquiries are encouraged to explore this exceptional opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,527,300
    6.5%
    $11,563,600
    7%
    $10,737,600
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,735,540
    Geo Method
    $8,735,540
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $22,766,100
    Retail / Commercial
    $11,674,300
    Mixed-Use / Specialty
    $11,632,700
    Hospitality / Lodging
    $8,534,560
    Office
    $11,563,600
    Institutional / Educational
    $12,093,300
    Residential Income
    $14,149,200
    Multifamily
    $16,969,800
    Automotive / Energy
    $10,365,700
    Parking / Income-Based Land
    $3,577,090
    Restaurant / Food Service
    $6,050,270
    Healthcare / Senior Housing
    $11,929,100

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.9667
Longitude
-71.4534
CBSA code
31700
CBSA name
MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$116,719
$967,900
$5,220,800
$6,188,700
-
-
-
-

FAQs

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