Property Listing
119 Chestnut St., Manchester, NH
Price: $1,275,000
MLS#: 2740217
| Property Type: |
Commercial |
| City: |
Manchester, NH |
| Parking: |
Other |
| Lot Size: |
0.13 |
| Avail. SQFT: |
11248 |
| Use: |
Retail Condo, Free Standing Building, Office Building, Other |
| Year Built: |
1910 |
| Construction: |
NA |
INVESTMENT- Hard to find mixed use investment w/approx. high income in rents & CAP of close to 10.29. 16 units with 2 additional income producing units in form of billboard & laundry. Has 11 residential units consisting of efficient 1 bedrooms & large over-sized 1 bedrooms. Commercial units have a nice mix of retail users & 1 long-standing diner.
Property Detailed Information Hide Section
| List Agent: |
Reiff, Scott of Prudential Verani Realty-CSD |
| Taxes: |
$13,624 |
| Basement: |
Full |
| Exterior: |
Other |
| Floors: |
Other, Tile/Brick, Carpeted |
| Fuel: |
NA |
| Heating/Cooling: |
Hot Water, Hot Air, Air Conditioning Unit, Steam |
| Sale Includes: |
Land/Building |
| Utilities: |
Public Sewer, Other, Public Water |
| Lot Description: |
NA |
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Community Summary
|
|
Population
|
115,323
|
|
Population Growth (since 1990)
|
12.8%
|
|
Population Density (people per sq. mile)
|
3,527
|
|
Median Age
|
37.0
|
|
Median Household Income
|
$51,469
|
|
Household Size (people)
|
2.3
|
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Households with Children
|
31.4%
|
|
Median Travel Time to Work (minutes)
|
17.2
|
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Real Estate Market Information
|
|
Median Home Sale Price
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$173,272
|
|
Annual Turnover Rate
|
16.4%
|
|
In current residence 5+ years
|
33.5%
|
|
Median years in residence
|
3.2
|
|
Homes Owned
|
53.3%
|
|
Homes Rented
|
40.5%
|
|
Homes Vacant
|
6.2%
|
|
Climate
|
|
Minimum Temperature in January (deg F)
|
5.2
|
|
Maximum Temperature in January (deg F)
|
32.3
|
|
Minimum Temperature in July (deg F)
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54.6
|
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Maximum Temperature in July (deg F)
|
82.1
|
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Annual Precipitation (inches)
|
39.8
|
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Community Information
|
|
Closest Major Airport
|
MANCHESTER
|
|
Distance to Closest Major Airport (miles)
|
4
|
|
Closest 2-year Public College
|
HESSER COLLEGE
|
|
Distance to Closest 2-year Public College (miles)
|
1
|
|
Closest 4-year Public College
|
NEW HAMPSHIRE INSTITUTE OF ART
|
|
Distance to Closest 4-year Public College (miles)
|
0
|
|
Community Characteristics
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Very Rapid Population Growth, Moderate Residential Turnover
|
|
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Copyright 2009 Northern New England Real Estate Network, Inc. All rights Reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. Prudential Verani Realty will be pleased to represent you the buyer on this or any other property.
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