Victorian Mixed-Use Office
146 Lowell St, Manchester, NH 03103
For Sale
$925,000
Fully rented property combining office space, a hair salon, and a one-bedroom apartment with separate utilities.
Property Size4,704 SF
Price / SF$196.64
Days on Market53
Property Features for 146 Lowell St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Additional Details
Office Units
Amenities
central air
custom lighting
signage
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Coldwell Banker Realty Bedford NH
Listed By:
Kimberly Florence
(603) 582-8513
Source:
Teamphinney
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty Bedford NH
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Investment Insights
Based on property information with market context.
Built in 1890, this 4,704-square-foot Victorian mixed-use property combines office space, a hair salon, and a one-bedroom apartment. The building is fully rented and includes separate utilities for the occupants. Interior features include oversized windows, wide pine and hardwood floors, custom lighting, chandeliers, and 10-foot ceilings in two offices. The residential unit has an updated kitchen and bathroom.
Recent and ongoing property features include a newer roof, vinyl siding, updated windows, FHA heating systems, central air, and gas utilities. Positioned on a high-traffic corner lot, the property includes signage and a parking area accommodating up to 15 vehicles. The address is 146 Lowell St, Manchester, NH 03103.
Recent and ongoing property features include a newer roof, vinyl siding, updated windows, FHA heating systems, central air, and gas utilities. Positioned on a high-traffic corner lot, the property includes signage and a parking area accommodating up to 15 vehicles. The address is 146 Lowell St, Manchester, NH 03103.
Key Highlights
- 4,704 SF mixed‑use property built in 1890
- Fully rented with separate utilities
- Office space, hair salon, and one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,497
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,940
$1.0M
Cap Rate 7%
$749,957
$750.0K
Cap Rate 9%
$583,300
$583.3K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$90.3K $19.20/SF
− Vacancy
−$6.3K −$1.34/SF
EGI
$84.0K $17.86/SF
− OpEx
−$31.5K −$6.70/SF
NOI
$52.5K $11.16/SF
Area
Manchester, NH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,940
Cap Rate 7%
$749,957
Cap Rate 9%
$583,300
Alternative Uses
Best Use
Mixed Use
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$552.7K
$483.7K – $644.9K
NOI $38,692 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Hillsborough County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully rented property combining office space, a hair salon, and a one-bedroom apartment with separate utilities.
Where is this mixed-use property located?
The property is located at 146 Lowell St Manchester, NH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,704 SF mixed‑use property built in 1890; Fully rented with separate utilities; Office space, hair salon, and one‑bedroom apartment
