Downtown Landmark

Retail-Commercial for Sale
Catylist Listing ID: 30403829
Property Subtypes: Restaurant
Building Status: Proposed
Building Size (RSF): 4,300 SF
Sale Price: $900,000
Unit Price: $209.30 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

Perfect Downtown location abutting new Residence Inn hotel under construction and one block from SNHU Arena and the DoubleTree Convention Center. Nice setting across from Victory Park. Opportunity to take this landmark property into your own concept for the newest hot spot in the exciting downtown Manchester dining scene. Perfect for breakfast, lunch, and dinner concepts. Great spot for a sports bar, urban bistro, ethnic food, nightclub/lounge or keep it as the current traditional Greek format. 4,300sf restaurant and full service lounge with 200+ seats. Land, building business F,F &E all as a package. Owner will stay on for a limited time to train if buyer wishes to continue existing business.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,821 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Manchester, NH
Tax ID/APN: 10274
Zoning: COMMERCIAL
Retail Clientele: Family, Business, Tourist, Convention
Property Located Between: Elm and Chestnut
Property Visibility: Excellent
Largest Nearby Street: Elm Street
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,300 SF
Property Condition: Good
Year Built: 1930
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Block
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Other
Lot Frontage: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,527 107,708 141,599
Median Age: 32.59 36.85 37.57
Households: 14,262 43,964 56,893

Contact

Photograph of Listing Agent

William Kanteres

Kanteres Real Estate NECPE Member
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