119 Hanover St Manchester, NH 03101-2204
Property profile & analytics
119 Hanover St Manchester, NH 03101-2204
- Retail space
- 11,248 SF
- 0.13 lot acres
Property ID
US58-0062230
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sub Zero Nitrogen Ice Cream Manchester NH / Take-out & Catering / Catering Service
Property Details for 119 Hanover St
- Year built
- 1910
- Construction
- STEEL FRAME
- Lot size
- 0.13 lot acres
- Property size
- 11,248 SF
- Property type
- Retail space
- APN
- MNCH M:0050 B:000 L:0029
- APU
- MNCHM0050B000L0029
Description
This exceptional mixed-use property, located at 119 Hanover Street in Manchester, NH, presents a rare investment opportunity. The two-story brick building encompasses 16,828 square feet on a 0.14-acre lot, situated in the vibrant heart of downtown, within a block of popular establishments like the Hanover Street Chophouse and The Palace Theater. The property comprises eleven apartments (a mix of studios and one-bedrooms), five retail units, and a leased billboard. Extensive renovations completed within the last two years include new electrical panels, updated plumbing, high-efficiency mini-split HVAC systems, a new rubber roof, and a freshly painted exterior. All apartments feature high-end finishes such as granite countertops, stainless steel appliances, premium LVP flooring, and in-unit air conditioning. Residents enjoy free high-speed wireless internet and a brand-new laundry room. The building also benefits from high-resolution security cameras covering both interior and exterior areas. All commercial units are fully occupied under multi-year leases with a diverse tenant mix of retail and restaurant businesses. The long-term billboard lease presents a significant value-add opportunity, currently operating below market rate. This turnkey property offers immediate cash flow and strong potential for future appreciation in a prime downtown Manchester location. Priced at $3,195,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,945,000
- ML approach
- $2,120,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,365,000
Market price range: $997k - $2.48M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,585,000 Current use
- RESTAURANT
- $2,520,000 Change: +59% Conversion: Easy
- OFFICE BUILDING
- $2,050,000 Change: +29% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,880,000 Change: +19% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,765,000 Change: +11% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,720,000 Change: +9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4604
- Latitude
- 42.9907
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,829
$131,100
$761,200
$892,300
-
$0.00
$0.00
$0.00
