Christy Jann Ryan
Listing courtesy of Matthew Lefebvre, Elm Grove Realty 603-505-4900
66 Prospect Street, Manchester, NH, 03104
1890
3,162 sqft
Stunning Victorian office building located in the North End of Manchester on the corner of Prospect St and Pine St. Featuring eight very clean and renovated offices and one shared conference room. This property is currently occupied by 6 tenants at will and one tenant on a year long lease. This building would function great for an owner-user or as an investment property. Currently grosses over $44,000 annually and has only $15,000 in annual expenses. Natural gas installed in late 2017, replacing the previous oil-burning system and providing a significantly lower heating cost. Newly paved and striped parking lot allows one dedicated space per unit and additional spaces for visitors. Flat lot provides additional opportunities to expand the off-street parking. Great signage available. This property provides a fantastic opportunity for a business owner to move their business to a premiere location. A great investment opportunity for someone looking for a well-maintained, 8%+ cap rate, office building to add to their portfolio OR some blend in between! Let some tenants cover the cost of your mortgage. Broker interest.
Status:
Active
Type:
Commercial
Units:
8
Zoning:
R3
Heating:
Natural Gas
Parking:
Off Street, On-Site, On Street, Parking Spaces 11 - 20, Paved
Acreage:
0.26
Est. Taxes:
$7,800
Assessment
$337,100
Construction
Wood Frame,Vinyl Siding
Elementary School:
280000
School District:
PrimeMLS customer
MLS #:
4673352