Property profile

262 Main St Manchester, NH 03102

OFF-MARKET
Investment properties
Property ID
US58-0627359
1,946 SF 0.11 ac lot Built 1910
Individually Owned 1-yr Hold Absentee Owner
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Property summary

AI-generated overview

This exceptional commercial property, situated at 262 Main Street in Manchester, New Hampshire, presents a fantastic opportunity for entrepreneurs seeking a well-located space. Currently configured as a hair salon, this property offers versatility and is ready for immediate occupancy. Its convenient west side Manchester location, just off Exit 5, provides effortless access to downtown Manchester and major highways, ensuring excellent visibility and accessibility for clients and employees. The property's precise square footage is not currently specified. The building sits on a lot with no acreage listed. The monthly rental rate is $1500. Tenants are responsible for maintaining the property's utilities, including heat, electricity, phone, internet, and snow removal. This ensures cost-effectiveness and allows for customized utility management. Landlord responsibilities are limited to water and sewer services, simplifying the tenant experience. This property's strategic location and manageable utility arrangement make it an attractive option for a diverse range of commercial ventures. The existing salon setup provides a potential head start for similar businesses, while the adaptable space allows for creative customization to suit various needs. Inquire today to explore the possibilities this prime Manchester location offers.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Construction FRAME
Total area 1,946 SF
Lot 0.11 ac (5,000 SF)
APN MNCH M:0190 B:000 L:0009
UPID US58-0627359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

262 Main St Manchester, NH 03102-4031
Manchester metro Census 2100 MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2024
Last sale
$490,000
7 recorded transactions
2024
$490,000
2018
Price N/A
2017
$100,000
2016
$122,533
2011
$105,000
2006
$290,000
2005
$270,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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