Manchester, NH-Practically new construction restaurant/pub/bar/office

Retail-Commercial for Sale
Also listed as Special Purpose, Office
Catylist Listing ID: 30255726
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 10,800 SF
Gross Land Area: 5,000 SF
Sale Price: $1,649,000
Unit Price: $152.69 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 10,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2019

Overview / Comments

Facility has been designed & built from basically the supports upward & outward. 10,800 +/- SF over 3 levels. All up-to-date & new ADA, fire protection, sprinklers, windows, doors, HVAC, alarms, electrical system, plumbing, lighting, flooring, restrooms, etc. Property currently utilized & operated as a wine bar/bistro/café. Current business is NOT closing, but would be relocating upon transfer of title. New owner can utilize the infrastructure for similar operation, but new designs, systems, etc. can easily be valuable for modern office, service, institutional, medical, retail or many other uses. While the business is not for sale, there is opportunity to purchase some or most of business assets, if desired. Included in the sale are systems & equipment that are permanently attached to real estate, including two 12' hood systems & associated suppression systems.Rated "most beautiful restaurant in NH" by MSN.$1,649,000
https://www.msn.com/en-us/foodanddrink/foodculture/the-most-beautiful-restaurant-in-every-state/ss-BBJ76e0?ocid=sf#image=30

Summary
Sale is for the real estate & not the business or business assets. While price does not include any of the items listed below as “Not Included”, the Seller is willing to entertain discussions/offers for most of these items. Items shown below as “Included” would be included w/mutually agreed upon sale price. The owner will place no restrictions if the Buyer intends to continue similar operation.

Key facts/comments
Capacity levels: 270. Currently operating at approx. 150. Roof deck capacity: 50.
Lighting is all new & modern design. All LED.
Numerous lighting scenarios
Doors are all new &, where appropriate, have automatic capabilities for ADA compliance.
All new windows of high efficiency.
Elevator has hefty 2,500 Lbs. load.
800 AMP, 3 phase, 4 wire 120/208 electric.
5 separate zones of HVAC, for efficiency & for future flexibility
Full kitchen w/additional room for expansion.
New water line w/ample capacity for use & sprinkler system.
Modern up-to date fire alarm.
Access from 3 sides of building, all w/ramps or elevator entry.
6 ADA restrooms.
Large walk-in cooler & freezer (Included in sale).
Floor drains in kitchen for easy, efficient cleaning.
Concrete floors throughout all levels.
Elevator access on 4 levels (lobby & 3 floors).
Equipment, systems, etc.
Pricing includes most fixtures/items permanently attached to property. Below is list of items that are & are not included. List is not necessarily inclusive of all items included or not included in sale. If there are any items not listed, unclear or ambiguous, please request clarification to assure that both party's intents are relayed to each other properly.
Included:
Kitchen exhaust hoods & Ansul (suppression equipment).
Walk-in cooler & freezer.
Stainless prep table w/two installed sinks in kitchen area around stoves.
All sinks & toilets.
Not Included:
-Furniture, decorations, window coverings, pictures, kitchenware, dishes, cups, glasses, etc.
-Observatory (Deck) heaters.
-Credit card processing machines, routers, Wifi, communication equipment.
-ECOLAB equipment. Owned by ECOLAB, but service/contracts could transferred to new owner.
-Audio/Visual equipment.
-Refrigerators & freezers that are not permanently fixed to the building.
-Dishwasher equipment not included, but stainless counters surrounding it are included.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Submarket/Township: Manchester
Submarket Type: Central Business District
Tax ID/APN: 91-13
Zoning: CENTRAL BUSINESS
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Berkley Street and Kosciuszko Street
Property Visibility: Excellent
Largest Nearby Street: Bridge Street and Elm Street
Feet of Frontage: 225
Highway Access: From I-293 - Take I-293 exit (Granite Street). At exit turn right onto Granite Street. Head .4 miles to US 3 / Elm Street and turn left. After .5 miles turn right onto Bridge Street. Building is on right in about 400 feet. From I-93 - Take exit 8 (ramp toward Wellington Hill / Bridge Street). At end of ramp, turn right onto Bridge Street/Wellington Hill. In .3 miles Wellington Hill turns into Bridge Street. Head 1.5 miles and property is on the left in between Berkley Street and Kosciuszko Street.
Airports: Manchester / Boston
Site Description: Urban
Area Description: Heart of Manchester
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,600 SF
Property Condition: Excellent
Year Built: 1968
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass
Exterior Description: Completed redone. Mix of glass, metal, brick, etc.
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: There is ample parking in downtown area including adjacent parking garages. Site has 3 to 4 on-site spaces.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Engineered System
Interior Description: Interior was completely gutted and rebuilt with all modern systems and materials.
Zoning Description: Central Business District
Lot Frontage: 225
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,359 112,373 139,177
Median Age: 33.58 36.44 37.53
Households: 13,912 46,171 56,103
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