11 Spencer & 363,365 Olcott Street, Manchester, CT, 06042
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 parcel, #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 ALL 3 PARCELS CONTIGUOUS BRINGING TOTAL ACREAGE TO APPROX. 6 ACRES. 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 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:
Lot / Acreage
Zoning:
General Business
Frontage:
Municipal Street,Paved Road
Acreage:
5.55
Est. Taxes:
$10,702
Assessment
$287,700
Utilities
Electric,Gas,Phone Available,Cable
Lot Description:
Level Lot,Sloping Lot,Treed
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
732
MLS #:
170298631
Community Info
School Info
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Listing courtesy of Richard S. Borden, Borden-Lombardi Realty, LLC Email: r.borden@cox.net