350 Gay St Manchester, NH 03103
- Warehouses
- 88,458 SF
- 3.32 lot acres
Current Use by Public Records
- central paper / Corporate Office
Property Details for 350 Gay St
- Year built
- 1970
- Construction
- STEEL FRAME
- Lot size
- 3.32 lot acres
- Property size
- 88,458 SF
- Property type
- Warehouses
- APN
- MNCH M:0651A B:000 L:0015
- APU
- MNCHM0651AB000L0015
Description
This Hillsborough County industrial property, located at 350 Gay Street, offers 154,107 square feet of warehouse space, divisible to a minimum of 11,289 square feet and a maximum contiguous space of 40,461 square feet. The building, constructed in 1970 and renovated in 2006 and 2023, features a 26-foot clear height, 40' x 50' column spacing, and 11 loading docks (10 with levelers). The property includes one 2,100 lb. passenger elevator with dual openings and 66 paved parking spaces (expandable to 101). The building boasts a new energy-efficient corrugated wall siding, an air exchanger capable of refreshing the entire warehouse in four minutes, and LED lighting throughout. Utilities include Eversource electricity, Liberty Utilities gas, and City of Manchester water and sewer. The property sits on 3.32 acres of industrially zoned land (ERZ) in an industrial park, conveniently located off Exit 2 of I-293, one mile from the F.E. Everett Turnpike, and less than three highway miles from I-93. The building is wet sprinklered and includes three restrooms on the first floor and four on the second, plus a private restroom with a shower in the executive office. The 0.60-inch thick mechanically-fasted EPDM roof membrane has a 40-year warranty (installed December 2006). The 1200 AMP, three-phase, four-wire, 277/480-volt main power supply is ideal for various industrial uses. The property's proximity to the CSX Rail line offers potential rail access. Nearby amenities include the Airport Diner, fast-food restaurants, gas stations, convenience stores, the Holiday Inn, the Mall of New Hampshire, and various establishments on South Willow Street. This location provides excellent access to the Manchester Boston Regional Airport and major New Hampshire highways.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,205,000
- 6.5%
- $11,090,000
- 7%
- $10,715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $12,310,000
- Geo Method
- $9,635,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,010,000
- Retail
- $12,325,000
- Mixed-Use
- $9,220,000
- Hospitality
- $9,115,000
- Educational
- $11,295,000
- Residential Income
- $9,725,000
- Energy
- $10,905,000
- Income-Based Land
- $10,810,000
- Food Service
- $11,530,000
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.457
- Latitude
- 42.9451
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
