Multifamily Redevelopment Opportunity

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30842777
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 15,102 SF
Gross Building Area: See Agent
Sale Price: $3,150,000
Unit Price: $208.58 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2024

Overview / Comments

Excellent redevelopment opportunity for apartments with 148’± of frontage on Elm Street and located right next to SNHU Arena. Central Business District and Arena Overlay District allows multifamily by right. Seller has conceptual plans for up to 92 units on 4 levels over ground level commercial. Site is positioned in a Qualified Opportunity Zone and may be eligible for 79-E deferred property taxes. Some on-site parking available with ample street parking nearby as well as Center of NH parking garage. Easy access to I-293, Exit 5.

Attachments & Media

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 144-3
Zoning: CBD/ARENA OVERLAY
Property Visibility: Excellent
Largest Nearby Street: Elm Street
Feet of Frontage: 148
Traffic/Vehicle Count: 11,918
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Heat Type: Natural Gas
Lot Frontage: 148
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,548 107,068 145,335
Median Age: 32.62 36.99 37.55
Households: 14,298 43,816 58,108

Contact

Photograph of Listing Agent

Dan Scanlon, JD, CCIM

Colliers NECPE Member
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