Listed by Craig Labrecque • MFH Realty. Bought with RE/MAX Synergy.
Off market apr 2024 for $1.6M
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16
bd
•
8 ba
•
9,483
sq ft
289 Pine St, Manchester, NH 03103
About this home
Attention Property Managers; An exceptional opportunity awaits in downtown Manchester - A mixed-use building with 8 apartments and spacious office facility that has proudly served as the headquarters for an extremely large apartment owner for over three decades. This property has been well maintained. The office comes partially furnished and offers an array of features: Double Entry Vestibule that sets the professional tone, Reception Area equipped with two workstations for excellent client service, Five offices and six cubicles to accommodate various work styles, Conference Room for meetings and collaborative sessions, Kitchenette and two bathrooms ensuring the comfort and convenience of office staff, Multi-function Area with Full Basement offering ample storage that is perfectly suited for and internal maintenance department. Other amenities include central air and radiant flooring for most of the 1st floor, higher drop ceilings and ample lighting. There is an expansive, level parking lot with 30 spaces providing enough room for tenants and overnight parking for your work vehicles. The resident apartments consist of two 3-bedrooms units, five 2-bedrooms units and one Studio. These apartments have a proven track record of consistent rental income and strong occupancy. There is convenient onsite coin-op laundry adding an additional revenue stream. This property presents an exceptional investment opportunity. Please give us a call for more information.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Multi-Family (5+ Unit)
County
Hillsborough County
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Last updated by owner on Sep 8, 2023.
R-3
Urban Multifamily District
The intent of this zoning district is to maintain the inner city neighborhoods at a density which affords the opportunity to develop or redevelop multifamily housing at the maximum density considered appropriate to sustain neighborhood quality in an urban setting. Its primary purpose is to define residential densities appropriate for the inner city neighborhoods, while preserving opportunities for some neighborhood-serving businesses to be integrated therein. Special provisions within the district permit, under certain conditions, the development of high density highrise structures for the elderly.