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160-168 Amory St 12,206 SF 100% Leased Retail Building Manchester, NH 03102 $1,350,000 ($110.60/SF) 7.67% Cap Rate
Executive Summary
Superb westside location! Brick 8-units: (2) 3-bedrm apts, w/appliances and w/d hookups, new windows, and (6) commercial units. Much rehab done on exterior & interior in recent years. No plowing or landscaping required. 2nd floor tenant pays electric; 3rd floor is all new inside, tenant pays electric, hot air heat, hot water. Commercial units pay own electric & own hot water;5 commercials heated by seller, one newer gas furnace, but laundromat pays his own heat. Long-term owner and long-term tenants; rents can easily be raised for a value-add feature. 2 recently vacated commercial units,1 just remodeled: ideal for buyer-user or seller could lease them out. (Why pay for someone's business when you can fit-up and stock like new?) Ideal for restaurant, smoke shop, office or any business. Brick and aluminum siding. (6 Commercial units are laundromat, pizza/bakery, church, Karate/gym, 2 vacants). A good investment! 6.9% Cap rate on $103K net.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,206 SF
Building Class
C
Year Built
1941
Price
$1,350,000
Price Per SF
$110.60
Cap Rate
7.67%
NOI
$103,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.22
Lot Size
0.23 AC
Zoning
B-1
Amenities
- Bus Line
- Signage
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MNCH-000181-000000-000006 | Improvements Assessment | $711,800 |
| Land Assessment | $86,200 | Total Assessment | $798,000 |
Property Taxes
Parcel Number
MNCH-000181-000000-000006
Land Assessment
$86,200
Improvements Assessment
$711,800
Total Assessment
$798,000
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