159 S Main St

Manchester, NH 03102

MLS ID# 4845859 Active
Business

$295,000


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Details for 159 S Main St, Manchester NH 03102

Great opportunity for investment property with a 9.5% cap rate! Nice office space on 1st floor to lease or run your business. Garage space can be part of the 1st floor office or rented separately. Two apartments on the 2nd floor with 2 bedrooms each. One recently remodeled. The larger unit has space on the 3rd floor and an open concept floorplan with large deck overlooking the river. Extra $400/month income from billboard on the side of the building. Take advantage of this unique property with great cash flow! Projected income or $46,128 with total expenses (not including mortgage) of $15,906. Current owner would consider a short term lease back on the 1st floor office space.

Features and Details

  • List Price $295,000
  • Category Commercial
  • Type Business
  • Village/Neighborhood
  • Submarket
  • County Hillsborough
  • Lot SQFT 4792
  • SQFT - Total Available 4471 sqft
  • Acreage 0.11
  • MLS ID# 4845859

Annual Expenses/Income
Income: 46128
Apx Bldg SqFt
4471
Basement
Dirt Floor, Unfinished, Yes
Construction
Wood Frame
# of Stories
3
Cooling
None
Heating
Hot Air, Hot Water
Parking
Driveway, Garage, Off Street, On-Site, On Street, Parking Spaces 2
Lot Description
River Frontage
Operating Expense Inc
Heat, Insurance, Utilities, Water/Sewer
Siding
Vinyl Siding
Total
Units: 3
Utilities
Cable - Available
Natural Gas
Yes
Water
Public
Sewer
Public
Zoning
B2
Property Types
Business, Multi-Family, Office, Retail
Deed
Book: 9034, Page: 1244
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Garage, Building
Sale Type
Sale

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This listing was last updated on 2/28/2021 3:37:46 AM.