11 Spencer & 363,365 Olcott Street, Manchester, CT, 06042
3 rooms
0 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:
Under Contract
Type:
Commercial
Units:
3
Zoning:
General Business
Frontage:
Municipal Street,Paved Road
Garage:
Attached Garage, Driveway, Off Street Parking
Heating:
Hot Air, Steam
Cooling:
Window Unit
Parking:
11-car
Acreage:
5.55
Est. Taxes:
$10,702
Assessment
$287,700
Current Use
Retail & Residential
Permitted Use
General Business Zone
Utilities
Electric,Gas,Phone Available,Cable
Lot Description:
Level Lot,Sloping Lot,Treed
Days on Market:
1131
MLS #:
170176547
Community Info
School Info
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Listing courtesy of Richard S. Borden, Borden-Lombardi Realty, LLC Email: r.borden@cox.net