Property Description

MIXED-USE INVESTMENT OPPORTUNITY with strong in-place income and multiple avenues for future growth! 168 Wilson Street currently generates approximately $10,200/month or $122,400 annually from seven occupied units, while the property's largest commercial space is open and ready for its next tenant. An established tenant base and leases extending into 2027 provide stability, while two units are currently month-to-month, offering an immediate opportunity to evaluate rents, with further upside as remaining leases renew. The expansive commercial space has a strong rental history and was previously utilized as a restaurant. Ownership estimates potential market rent of $3,200-$3,500/month, which could bring total property income to approximately $160,800-$164,400 annually before considering future increases to the existing rent roll. The property conveys with commercial walk-in coolers/freezers and an existing frying/duct system, providing valuable infrastructure for a future food-service operator while allowing flexibility for other potential uses, subject to zoning and permitting. Ownership has continued investing in the property with deck, siding, painting and roof updates since 2022. Tenants pay their own utilities, with ownership responsible for water/sewer. Coin-op laundry in the basement presents another potential ancillary income stream, and the property offers off-street parking. Strong current cash flow, established tenancy and multiple opportunities for additional income make 168 Wilson Street a compelling addition to an investment portfolio.

Overview

Property Status

For Sale

Lot Size

6,098 Sq.Ft.

MLS ID

5109106

Property Type

Multi-Family

Year Built

1910

Are you interested?

Schedule a Tour

Tyler Allen

(802) 376-6589 [email protected]

Features & Amenities

Total Area

12,204 Sq.Ft.

Roof

Tar and Gravel

Lot Features

Corner, City Lot

Heat Type

Natural Gas, Gas Heater

Air Conditioning

Wall AC Units

Appliances

Natural Gas Water Heater

Sewer

Public

High School

Manchester Memorial High Sch

School District

Manchester Sch Dst SAU #37

Sales Price

$1,395,000

Real Estate Tax

$11,543/yr

Three-story white building with green shutters and Pigeon’s Market storefront on a street corner.

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Thank you

for your interest in 168 Wilson Street, Manchester, NH 03103

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