555 Cedar Street, Manchester, NH
Commercial Sale
Listed by Keller Williams Realty-Metropolitan · Michael Caouette
Property Description
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
Essentials & finishes
- Property Type:Commercial Sale
- Year Built:1896
- County:NH-Hillsborough
- Town:Manchester, NH
- Status:Active
- Days on Market:95
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $22,100 |
| 2023 | $21,548 |
| 2022 | $20,995 |
Estimated from list price; verify with the town assessor.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Manchester125
- Average list price$486,475
- Price range$45,000 – $750,000
- Market sentimentBuyer's Market
Mortgage Calculator
Estimate your monthly payment for this home
- Principal & Interest$6,574
- Property Tax$1,842
- Home Insurance$271
Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 125 active · 0 sold in Manchester (last 90 days)
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