Bought with A non NEREN member • A Non-NEREN Agency
$280,000
$289,700
3.3%For more information regarding the value of a property, please contact us for a free consultation.
66 Prospect ST Manchester, NH 03104
3,162 SqFt
Key Details
Sold Price $280,000
Property Type Commercial
Sub Type Investment,Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,162 sqft
Price per Sqft $88
MLS Listing ID 4673352
Sold Date 05/03/19
Year Built 1890
Annual Tax Amount $7,800
Tax Year 2016
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Investment,Office
Property Description
Stunning Victorian office building located in the North End of Manchester on the corner of Prospect St and Pine St. Featuring eight very clean and renovated offices and one shared conference room. This property is currently occupied by 6 tenants at will and one tenant on a year long lease. This building would function great for an owner-user or as an investment property. Currently grosses over $44,000 annually and has only $15,000 in annual expenses. Natural gas installed in late 2017, replacing the previous oil-burning system and providing a significantly lower heating cost. Newly paved and striped parking lot allows one dedicated space per unit and additional spaces for visitors. Flat lot provides additional opportunities to expand the off-street parking. Great signage available. This property provides a fantastic opportunity for a business owner to move their business to a premiere location. A great investment opportunity for someone looking for a well-maintained, 8%+ cap rate, office building to add to their portfolio OR some blend in between! Let some tenants cover the cost of your mortgage. Broker interest.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R3
Rooms
Basement Entrance Walk-up
Basement Other
Interior
Heating Gas - Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Off Street, On-Site, On Street, Parking Spaces 11 - 20, Paved
Garage Description Off Street, On-Site, On Street, Parking Spaces 11 - 20, Paved
Roof Type Tar and Gravel
Building
Lot Description City Lot
Foundation Fieldstone
Sewer Public
Water Public
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