Manchester CT Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- 30,308
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.57 Acres
- Year built:
- 1888
- Baths:
- MLS#:
- 24063076
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Rare opportunity for many uses including multiple residential units. This unique historic mill offers 5 stories and approx. 30,800 sq. feet suited for conversion into residential apartments. Over the last 136 years this building has witnessed a history of war and prosperity and has been a service point for many endeavors including The Central Connecticut Co-op Farmers Association, The Apel Opera House, and a manufacturing site for wood stoves and furniture. Exposed wood beams, lots of windows and brick accents create an inviting, warm and attractive feel. Best suited for the seasoned investor with renovation experience willing to invest in a conversion into several 1 and 2 bedroom apartments, though other uses such as retail, manufacturing or restaurants are possible. Architectural plans and final approval are needed from the town but initial research and discussions confirm this project meets the initial requirements to be converted. Additional parking area is available to meet parking requirements. This is your opportunity to complete your investment portfolio by purchasing one property with all your income producing units in one building. Please feel free to inquire about other uses. A recent appraisal in 2021 puts the value of this property at $1,240,000.
- Type:
- General Commercial
- Sq.Ft.:
- 1,509
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1957
- Baths:
- MLS#:
- 24054767
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This prime office condo, located on busy Route 83/Main St in Manchester, offers an excellent opportunity to own a versatile commercial space in a high-traffic area, Spanning 1,509 sq. ft., The first floor unit condo features a central Reception area, five therapy rooms or offices (three of which include sinks), a restroom, a kitchenette/storage room with a sink. Gas heat, and city water and sewer services. Ample on-site parking is available, making it convenient for both staff and clients, and the space is fully accessible, complete with an elevator and a handicap lavatory. Previously used as sleep lab for a medical office, this space is move-in ready for a sleep lab. It's ideal for a variety of professional uses, including medical, dental, therapy, legal, accounting, and more. The building itself is constructed with solid cinderblock, providing extra insulation for energy efficiency. It also features a private rear exit for added convenience. Located just 1/4 mile from Manchester Memorial hospital, the office enjoys excellent visibility and easy access for clients. Whether you're looking to utilize the entire space or rent out individual offices for extra income, this office condo is designed to grow with your business over time. It presents an incredible opportunity to own a beautifully maintained, adaptable space in a prime location. Build equity while avoiding long-term rental commitments.
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Manchester Real Estate
The median home value in Manchester, CT is $259,200. This is lower than the county median home value of $304,000. The national median home value is $338,100. The average price of homes sold in Manchester, CT is $259,200. Approximately 51.79% of Manchester homes are owned, compared to 42.9% rented, while 5.32% are vacant. Manchester real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Manchester real estate agent to arrange a tour today!
Manchester, Connecticut 06042 has a population of 59,452. Manchester 06042 is less family-centric than the surrounding county with 27.45% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in Manchester, Connecticut 06042 is $78,598. The median household income for the surrounding county is $80,320 compared to the national median of $69,021. The median age of people living in Manchester 06042 is 36.8 years.
Manchester Weather
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 49.2 inches per year, with 35.6 inches of snow per year.