Address
11 Spencer & 363,365 Olcott Street Manchester, CT
Price
$ 625,000
Property Attributes
  • MLS#170176547
  • TypeCommercial
  • CountyHARTFORD
  • CityManchester
  • Zip06042
  • StyleCommercial For Sale
  • Year Built1936
  • Taxes10003
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage4063
  • Lot Size5.55 Acres
Listing Provided Courtesy Of:
Borden-Lombardi Realty, LLC
Data Source:
GFC CMLS and CTMLS (SmartMLS)
Property Description

This prime location listing is for a total of 5.55 acres in 3 parcels of ~560 ft of frontage on Spencer St and over 13,000 vehicles per day (according to CT DOT), which must be sold as one package. #363 Olcott St. is .45 acre and is vacant land, #365 Olcott St. is .23 acre and has a residential home on site, #11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site. All tenants on month to month leases. See attached info. High traffic area with easy access to Interstate Highways - 384 or 84. There is a traffic signal at this corner - Olcott and Spencer. PLEASE NOTE THE OWNERS ARE WORKING WITH THE TOWN AND THERE IS AGREEMENT TO ABANDON OLCOTT STREET WEST WHICH WILL MAKE THE TOTAL ACREAGE APPROXIMATELY 6 ACRES AND ALL 3 PARCELS WILL BE CONTIGUOUS. Property has excellent potential for commercial or business development due to General Business Zone. There is a need for housing in Manchester and an approval for elderly housing is a possible option.

Price History
3/28/2019 Listed $625,000

General Features

Acres 5.5500
Commercial Catagory Industrial, Investment, Office, Retail
Exclusions N/A
Flooring Concrete, Tile, Vinyl, Wood
Location Highway Access, Suburban, Shopping Mall, Strip Mall, Other
Neighborhood N/A
Present Use Retail & Residential
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Gas, Phone Available, Cable
Year Built 1936
Zoning General Business

Interior Features

Cooling System Window Unit
Heat Fuel Type Natural Gas, Oil
Heat Type Hot Air, Steam
Restrooms Number Of 2
Sq Ft Residential 3253
Sq Ft Retail 810
Sq Ft Source Public Records
Sq Ft Total 4063
Total Numof Units 3
Unit Count 3

Exterior Features

Foundation Concrete, Masonry
Garage Parking Info Attached Garage, Driveway, Off Street Parking
Lot Description Level Lot, Sloping Lot, Treed
Parking Spaces Covered 1
Parking Spaces Uncovered 10
Parking Total Spaces 11
Potential Use General Business Zone
Road Frontage Approximate 560
Road Frontage Description Municipal Street, Paved Road
Roof Information Asphalt Shingle, Other
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06042

Price
AVG $170K
$630K
Taxes
AVG $8,290
$10,003
Visits
AVG 31
74
Year Built
AVG 1940
1936
Walkscore
AVG 42
38
Data Provided by Walkscore ® not using MLS data

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