16 Willow St Manchester, NH 03103-6322

Property Details for 16 Willow St

Year built

1915

Construction

FRAME

Lot size

0.17 lot acres

Property size

4,488 SF

Property type

Office buildings

APN

MNCH M:0357 B:000 L:0002

APU

MNCHM0357B000L0002

Description

Exceptional investment opportunity: This Class A, multi-tenant office building at 16 South Willow Street in Manchester, New Hampshire, offers a compelling return. The 4,488 square foot property, built in 1915 and situated on a 7,680 square foot lot, boasts a 7% cap rate with current rents. The building is fully occupied, featuring seven units including a long-term credit anchor tenant with a recently renewed five-year lease. Two residential units on the upper floors provide additional income potential, potentially increasing the cap rate to 8%. The property requires no immediate capital improvements. Located in a high-traffic area (10,989 vehicles per day in 2022), it benefits from high visibility, ample parking, and easy access. Individual HVAC, central air, gas, and electric systems are in place. The property is zoned for office buildings and offers a strong, stable income stream. Asking price is $1,000,000, with a price per square foot of $222.82. This is a turnkey investment ready for immediate cash flow.

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Longitude

-71.4572

Latitude

42.9735

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments