Retail Business for Sale in Multi-Tenant Nnn Leased Specialty Building | Downtown Manchester, NH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Multi-Tenant Nnn Leased Specialty Building | Downtown Manchester, NH 03104

Description

Marcus & Millichap is pleased to exclusively offer 470 Pine Street in Manchester, New Hampshire for sale, a fully leased, cash-flowing specialty mill conversion in the heart of the city’s downtown core. Encompassing approximately 55,300 square feet on a 0.76-acre site, this 1924 vintage asset offers a functional 12-foot slab-to-slab layout and a differentiated industrial character that supports long-term tenant demand. The property’s central location provides immediate access to Manchester’s amenities, employment base, and regional roadway connectivity, reinforcing durable occupancy and broad user appeal over time. The building is 100% occupied by a diversified roster of mission-driven, institutional-caliber tenants including Kreiva Academy, Southern New Hampshire University, and the International Institute of New England, supporting stable income with limited rollover risk. Offered at $4,200,000 ($75.95 per square foot) and a 9.64% cap rate on net income of $404,653, 470 Pine Street presents an attractive opportunity to acquire a high-yield, downtown Manchester investment with embedded tenancy longevity, predictable performance, and compelling risk-adjusted returns. Investment Highlights: • 100% Occupied | NNN Lease | 9.64% Cap Rate | $75.95/SF | Prime Downtown Location | Occupies A Highly Walkable Urban Corner In Downtown Manchester | 166K Population • Priced Below Replacement Cost: At $75.95/SF | Offers Rare Value For Unique Brick Construction And Architecture | High-Yield Investment: With $404,653 In Annual NOI • Double Digit Cash on Cash return | Superior Accessibility: Direct Access To 293 And Route 3 | Bus Stops And Downtown Circulator | Multi-Tenant Asset | Mix Of Education Tenants | Low Market Vacancy

Market Context

This retail in Multi-Tenant Nnn Leased Specialty Building | Downtown Manchester, NH is listed for sale. It is offered at an approximate 9.6% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Multi-Tenant Nnn Leased Specialty Building | Downtown Manchester, NH — <a href="/search/sale/retail/new-hampshire/multi-tenant-nnn-leased-specialty-building-downtown-manchester">view the full market</a>.

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