REDEVELOPMENT OPPORTUNITY in the Heart of Downtown Manchester!!!

Retail-Commercial for Sale
Catylist Listing ID: 30876611
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Parking Facility, Retail-Pad, Vehicle Related, Other
Building Size (RSF): 10,318 SF
Gross Land Area: 0.38 Acres
Sale Price: $1,495,000
Unit Price: $144.89 PSF
Property Use Type: Investment
Building Name: 31 Auburn Street
Usable Size (USF): 10,318 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/21/2024

Overview / Comments

Location! Location! Location! REDEVELOPMENT OPPORTUNITY in the Heart of Downtown Manchester!!! A rare gem, this .38 acre lot inside the (DT-2)Downtown Core District in Manchester is available for your next investment adventure! This corner lot is situated just two blocks from the SNHU arena. Utilize the existing building to create the next funky cool downtown destination location or do a complete redevelopment. With this lot being inside the Downtown Core District the opportunities are endless to include Apartments, Hotel, Restaurant, Parking structure and specific retail just to name a few. The existing building offers 10,318 +/- sq ft currently used as industrial space subdivided into three units. For more information and a tour please contact us today.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Manchester / Hillsborough
Tax ID/APN: 144-7
Zoning: DT-2
Retail Clientele: General, Business, Convention, Other
Property Located Between: Interstate 93 - and Interstate 293
Largest Nearby Street: Elm Street
Highway Access: Interstates 293 and 93
Airports: Manchester Boston Regional Airport
Site Description: .38 acre parcel of land with an existing 10,318+/- SF multi-tenant industrial building
Area Description: Quick, easy access to major travel routes I-293 and Route 3. Close proximity to downtown, grocery stores, restaurants, bars and entertainment venues. FLEXIBLE ZONING | The DT-2 (Downtown Core District) zone with Arena Overlay allows for a wide variety of uses, including mixed use and multifamily, R & D, many retail uses, sit down restaurants, some medical services uses, hotels and motels , parking structure, etc. (to be verified by buyer) + COMMUNITY REVITALIZATION TAX RELIEF INCENTIVE | In Manchester, properties in the CBD district qualify for the relief incentive provided by NH RSA 79-E. This tax relief incentive allows governing bodies to grant temporary property tax relief for a defined period. For more details, view NH RSA 79-E.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,318 SF
Property Condition: Fair
Year Built: 1960
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Masonry Block building offering a retail store front space, warehouse space with one high bay door and an auto garage with two high bays.
Total Parking Spaces: 11
Parking Type: Surface
Parking Description: Surface parking - paved
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other
Interior Description: Currently demised into three spaces - Karate Studio consisting of approx. 5,318 Commercial warehouse space approx. 2,500 RSF Auto garage - approx. 2,500
Zoning Description: Commercial industrial - DT-2 zoning - with Arena overlay
Lot Frontage: 120
Lot Depth: 137
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Right of way with adjacent property from Elm street.
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,770 105,863 145,479
Median Age: 32.52 36.82 37.52
Households: 13,980 43,315 58,158
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