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Property profile & analytics
FOR SALE
Warehouses

350 Gay St Manchester, NH 03103

88,458 SF 3.32 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US58-0301451
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction STEEL FRAME
Total area 88,458 SF
Lot 3.32 ac (144,619 SF)
APN MNCH M:0651A B:000 L:0015
UPID US58-0301451
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • central paper Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.08M
CAP Approach CAP
$13.22M
Comparable Approach Comparable
$7.01M
Blend (final) Blend
$9.70M
Owner & transaction history
350 Gay St Owner LLC · 3 yrs held
350 Gay St Owner LLC
since 2023
Last sale
$11.0M
2 recorded transactions
2023
$11.0M
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $16.1M +91.5%
Auto repair, garage $14.8M +75.6%
Industrial (general) $13.5M +60.7%
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