Unique 4,250 SF Hospitality / Retail Opportunity Downtown Manchester

Retail-Commercial for Lease
Catylist Listing ID: 30041041
Property Subtypes: Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 4,250 SF
Gross Building Area: 44,383 SF
Gross Land Area: 0.18 Acres
Lease Rate: $8.50 PSF (Annual)
Base Monthly Rent: $3,010
Lease Types: Modified Gross
Building Name: Pembroke Building
Last Updated: 10/23/2017

Overview / Comments

This 4,250 SF space is located at the Lower Level of the Pembroke Building in the heart of downtown Manchester. The Lower Level could serve any number of retail or hospitality uses, Bookstore, Street Retail, Specialty Shops, Cafe, Speakeasy type of bar or general function facility.
The space is equipped with; Italian Porcelain Tile in both Male and Female ADA compliant restrooms, 60 can lights with dimmers, fresh air circulation system, gas pipe installed for possible kitchen location, floor drain for ice machine, full sprinkler and fire detection system.
The space is accessed by means of a wide staircase or handicapped accessible elevator. Heat is included and the space is centrally air conditioned.
Located steps from SNHU Arena ( formally the Verizon Center) and the Radisson Hotel, across the street from Manchester's Veteran Memorial Park, this location is poised to benefit from planned developments surrounding it.
The planned Residence Inn by Marriott will be a short stroll through the park. The conversion of former office space into luxury apartments, is increasing the residential population of the downtown area.
Great location, great potential.

Expand All Available Space

Suite: LL 4,250 SF $8.50 PSF (Annual) Modified Gross
Level/Floor: LL
Space Available: 4,250 SF
Lease Rate: $8.50 PSF (Annual)
$3,010 (Monthly)
Lease Type: Modified Gross
Space Subcategory: Fashion/Specialty
Date Available: 7/1/2017
Space Type: New
Tax Expenses $66,756 PSF (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: City of Manchester
Tax ID/APN: 7656
Zoning: C B D
Retail Clientele: General
Property Located Between: Merrimack and Manchester Streets and Elm and Chestnut Streets
Property Visibility: Excellent
Largest Nearby Street: Elm St
Feet of Frontage: 80
Traffic/Vehicle Count: 16,000
Highway Access: Access onto Interstate 293 from Granite St. Then connecting to Interstate 93 or Route 101.
Airports: Manchester/Boston Regional Airport
Site Description: 795 Elm St. ( the Pembroke Building) is 6 story mixed use property situated in Manchester's business district. The street level is home to the Thirsty Moose Tap House, the second level is office space, and the upper levels are high end apartments.
Area Description: The property is located in Manchester's Central Business District; directly across from the Veteran's Memorial Park, steps away from the SNHU Arena, Manchester City Hall and many of the city's restaurants and retail establishment. Educational Institutions are nearby as are several newly converted residential complexes.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 6
Property Condition: Excellent
Year Built: 1910
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick and Thermopane glass
Parking Type: Other
Parking Description: Parking is on street or public parking garage however there are two dedicated parking spots for the Lessee.
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Central Business District
Lot Frontage: 80
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,302 108,950 141,599
Median Age: 32.83 37 37.57
Households: 14,314 44,739 56,893
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