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Adaptive Office Building/Lg Parking Inventory 116 Lowell St 6,974 SF 100% Leased Office Building Manchester, NH 03104 $925,000 ($132.64/SF)
Investment Highlights
- Ideal for owner user, professional services, nonprofit, or value add investor, conversion possibility
- 26 dedicated off-street parking spaces, a rare advantage in the downtown market
- Quick access to I 293, Route 3, and major commercial corridors
- 6,974 SF professional office building in downtown Manchester
- Prominent corner location with approximately 230 feet of frontage
- Flexible layout supporting owner occupancy, single tenant or multi tenant use
Executive Summary
A flexible downtown Manchester office asset situated on a prominent corner lot with an unusually large on-site parking supply. The building's layout, visibility, walkability, and zoning context create a strong foundation for continued professional office use, owner occupancy, or a strategic transition to residential or mixed-use redevelopment.
The current owner is willing to lease back most of the building until they can relocate, providing immediate income while allowing an owner-user to occupy the remaining office space or giving an investor time to plan for future repositioning or redevelopment. With its downtown location, strong parking ratio, and adaptive reuse potential, 116 Lowell Street offers a rare combination of current functionality and long-term opportunity.
The current owner is willing to lease back most of the building until they can relocate, providing immediate income while allowing an owner-user to occupy the remaining office space or giving an investor time to plan for future repositioning or redevelopment. With its downtown location, strong parking ratio, and adaptive reuse potential, 116 Lowell Street offers a rare combination of current functionality and long-term opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,974 SF
Building Class
C
Year Built
1890
Price
$925,000
Price Per SF
$132.64
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,487 SF
Building FAR
0.47
Lot Size
0.34 AC
Zoning
DT-1 - Downtown Commercial
Parking
26 Spaces (3.73 Spaces per 1,000 SF Leased)
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Exceptionally walkable
100/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
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Videos
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Photos
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Street
Map
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Adaptive Office Building/Lg Parking Inventory | 116 Lowell St