A former rehabilitation facility in Manchester, NH has been sold for $7.5 million, with the buyer planning to reactivate the property as a recovery center. The asset, located at 140 Queen City Ave., was acquired by RIO Holdings NH, LLC, an entity associated with the Recovery Institute of Ohio, a substance abuse and mental health treatment provider based in Sandusky, OH. The seller was Manchester Alcoholism Rehabilitation Center, an affiliate of the nonprofit Easterseals.
The property most recently operated as the Farnum Center, which was described as one of New Hampshire’s largest inpatient addiction recovery facilities. The center housed 70 beds before ceasing inpatient operations in the summer of 2025 due to financial pressures. Despite the closure, the building’s existing configuration and specialized infrastructure for treatment services remain in place, supporting the buyer’s plan to introduce its recovery model at the site.
According to the parties involved, the transaction followed a competitive bidding process, indicating meaningful buyer interest in the property despite its recent operational challenges. Colliers represented the buyer in the acquisition, while the seller was represented by Norton Asset Management and Harrington & Co. The representation covered marketing and negotiations leading up to the sale.
The facility benefits from its proximity to downtown Manchester and to Interstate 293, providing convenient access for patients, staff, and service providers. Those locational advantages, together with the property’s prior use as an inpatient recovery center, were cited as key reasons the building aligned with RIO Holdings NH, LLC’s intentions to bring the Recovery Institute of Ohio’s treatment model to New Hampshire.
The change in ownership marks a transition for a property that had previously been affected by financial strain, with the new buyer aiming to reposition it within the regional behavioral health and addiction treatment landscape. While detailed redevelopment or operational timelines were not disclosed, the parties emphasized the suitability of the existing physical plant for renewed recovery-focused use.
