$575,000

Est. Mortgage $2,795/mo *

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11 Spencer & 363,365 Olcott Street, Manchester, CT, 06042

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5 beds

2 Full / 1 Half baths

1936

4,063 sqft

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. The General Business Zone and prime location of this corner parcel with a traffic signal poses an excellent opportunity for a viable business/commercial development proposal.

Status:

Active

Type:

Commercial

Units:

Zoning:

General Business

Frontage:

Municipal Street,Paved Road

Garage:

Off Street Parking, Driveway

Heating:

Hot Air, Steam

Cooling:

Window Unit

Parking:

11-car

Acreage:

5.55

Est. Taxes:

$11,128

Assessment

$287,700

Current Use

Retail & Residential

Permitted Use

General Business Zone

Utilities

Electric,Gas,Phone Available,Cable

Lot Description:

Treed,Level Lot,Sloping Lot

Days on Market:

1216

MLS #:

170176547

Community Info

School Info

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