265 Turner StManchester, NH 03102

Property Details for 265 Turner St

Lot size

1.09 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

MNCH M:TPK3 B:000 L:0044

APU

MNCHMTPK3B000L0044

Description

This exceptional 1.08-acre commercial lot, situated in Manchester, NH, presents a unique opportunity for businesses seeking convenient access and ample space. Ideally located adjacent to the Hands Across the Merrimack pedestrian bridge and with frontage on Second Street, this cleared and level parcel offers unparalleled convenience. Its proximity to I-293 ensures effortless connectivity to the city center and beyond, making it an attractive option for a variety of commercial uses. The property's flat terrain makes it suitable for immediate development or use as a laydown area for construction or landscaping companies requiring storage for vehicles, equipment, and materials. The single-tenancy nature of the lease provides flexibility and control. This lot represents a rare chance to secure a strategically positioned commercial property in a thriving New Hampshire city. The ease of access, combined with the ample space and desirable location, makes this an exceptional investment opportunity for businesses seeking a strong foothold in the Manchester market. Serious inquiries are encouraged to explore the potential of this valuable asset. The property is offered as a leasehold interest.

• CAP approach

  CAP return

  Valuation

  6%

  $11,539,297

  6.5%

  $10,651,659

  7%

  $9,890,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,633,417

  Geo Method

  $15,633,417

• Alternative Use

  Use

  Valuation

  Residential

  $8,985,073

  Hospitality

  $8,230,278

  Educational

  $6,847,495

  Medical

  $7,082,991

  Retail

  $10,651,659

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9803

Longitude

-71.471

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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