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31-35 Elm St 13,998 SF 100% Leased Retail Building Manchester, NH 03101 $1,850,000 ($132.16/SF)
Executive Summary
31–37 Elm Street is a distinctive mixed-use property located near downtown Manchester. The property contains five residential apartments and four street-level retail units, providing a diversified combination of residential and commercial income.
Originally constructed in 1920 and substantially reconstructed and modernized, blending historic character with updated residential and commercial space, the property offers an incoming owner the opportunity to acquire a mixed-use asset without the extensive deferred maintenance often associated with older urban properties.
The offering is well suited to a hands-on local investor who understands mixed-use real estate and recognizes the value of existing income combined with identifiable value-add potential.
Originally constructed in 1920 and substantially reconstructed and modernized, blending historic character with updated residential and commercial space, the property offers an incoming owner the opportunity to acquire a mixed-use asset without the extensive deferred maintenance often associated with older urban properties.
The offering is well suited to a hands-on local investor who understands mixed-use real estate and recognizes the value of existing income combined with identifiable value-add potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,998 SF
Building Class
C
Year Built
1920
Price
$1,850,000
Price Per SF
$132.16
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.24 AC
Zoning
Commercial
Frontage
140’ on Elm St
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MNCH-000458-000000-000020 | Improvements Assessment | $549,400 |
| Land Assessment | $137,200 | Total Assessment | $686,600 |
Property Taxes
Parcel Number
MNCH-000458-000000-000020
Land Assessment
$137,200
Improvements Assessment
$549,400
Total Assessment
$686,600
Contacts
-
Joshua Solloway -
Jesse Hepler -
Chris Pascucci -
SPERRY-Commercial Realty Associates
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