Commercial Sale at 555 Cedar Street, Manchester
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60 photos

$800,000

555 Cedar Street
Manchester, NH 03103
Listed by Michael Caouette · Keller Williams Realty-Metropolitan
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1896

About this home

Historic Wilson Street School A Premier Redevelopment & Adaptive Reuse Opportunity Seize the opportunity to transform a true Manchester landmark. The former Wilson Street School offers over 40,000 square feet of usable space, presenting a rare and compelling redevelopment opportunity for investors and developers seeking scale, character, and flexibility. Offered for sale by the City of Manchester, this property is ideally positioned for adaptive reuse and long-term value creation. Its substantial footprint, solid construction, and classic architectural features provide an exceptional foundation for a wide range of redevelopment strategies. Potential uses include residential housing (market-rate or workforce), mixed-use development, institutional or educational facilities, medical or wellness space, private school operations, recreational use, or a community-focused center. Developers will appreciate the inherent flexibility, allowing for creative repositioning to meet evolving market demands. A key capital improvement has already been completed, with a newer boiler system installed within the last few years. In addition, multiple environmental reports are available, helping to streamline due diligence and reduce upfront development risk. The property also benefits from onsite parking, an increasingly rare and valuable amenity in this area enhancing both accessibility and overall project feasibility. Whether your vision includes a residential conversion, a flagship institutional use, or a dynamic mixed-use redevelopment, this property offers the scale, infrastructure, and location to bring it to life. Unlock the full potential of this historic asset and make your mark on one of Manchester’s most distinctive properties.

Property details

MLS #
5082866
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
125
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.96 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Henry Wilson Elementary School
0.01 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
436
Student:teacher ratio
12.1:1
District
Manchester School District
MiddleCharter
Kreiva Academy Public Charter School (M)
0.89 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
63
Student:teacher ratio
15.8:1
District
Kreiva Academy Public Charter School District
High
Manchester Central High School
0.62 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,305
Student:teacher ratio
15.5:1
District
Manchester School District

Walkability

Blended score for Manchester's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

71
Walkable
out of 100
EPA National Walkability Index
10.2 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks16
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Manchester, from live MLS data.

On the market 125 days -- 35 more days than Manchester's current average of 90 days.
For reference, the median list price across 376 active listings in Manchester right now is $320,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,968/mo
$160,000 down
$640,000 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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