Nashua Mixed-Use Property Repriced at $7.569M

The prominent commercial real estate firm Marcus & Millichap has recently repriced its exclusive mixed-use property listing in downtown Nashua, New Hampshire. Located at 170-186 Main Street, this landmark offering is now officially listed on the market for $7.569 million.

As an industry professional with decades of experience, I always find it fascinating when historic assets undergo strategic pricing adjustments. This particular marketing campaign is being steered by a talented team of brokerage professionals representing the firm.

Understanding the Nashua Mixed-Use Asset

Downtown Nashua boasts a vibrant commercial landscape, and this dual-property offering stands right at its epicenter. To fully grasp the value of such properties, many investors look into historical architecture to appreciate how vintage structures adapt to modern commercial demands.

Locally recognized as the Chase Building and the Professional Building, these two contiguous structures carry deep community roots. Constructed in 1908 and 1939 respectively, they offer a rich blend of early-to-mid-century character combined with contemporary income-generating utility.

Property Specifications and Layout

The expansive asset spans an impressive 37,504 rentable square feet situated on a tidy 0.59-acre lot. For those expanding their portfolios, exploring various home design and layout strategies can provide inspiration for multi-family conversions.

The diverse layout comprises a balanced mix of residential, professional, and retail spaces designed for steady revenue generation. Specifically, the building houses:

• 28 studio apartments offering accessible residential living spaces.
• 36 office suites catering to local businesses and professionals.
• 5 street-level retail units driving vibrant pedestrian foot traffic.

Beyond the diverse unit mix, the asset features modern conveniences like elevator access and on-site laundry facilities. A private parking lot further elevates its appeal in a dense downtown environment where dedicated parking is a major luxury.

Investment Potential and Market Outlook

Senior director of investments Adam Cohen has emphasized the asset’s stable income profile and thriving retail tenancy. Evaluating such urban opportunities often requires reading detailed informational guides to navigate market fluctuations successfully.

The localized team managing the listing includes Adam Cohen, Emerson Laundry, John Craig, and Tanner Proper. They are proudly working in close association with Thomas Shihadeh, who serves as the firm’s New Hampshire broker of record.

Ultimately, the property’s prime location places tenants within close walking distance of popular local shops and restaurants. Anyone interested in regional development trends can explore broader architecture articles to see how downtown hubs are evolving.

 
Here is the source article for this story: Marcus & Millichap Reprices Mixed-Use Downtown Nashua Property to $7.57 Million