Land - 11 Spencer St, 363 + 365 Olcott St, Manchester

Vacant Land for Sale
Catylist Listing ID: 30408690
Property Subtypes: Industrial, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 5.55 Acres
Sale Price: $625,000
Unit Price: $112,612 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2020

Overview / Comments

This prime location, general business zoned land is a total of 5.5 acres in 3 parcels which must be sold as one package. #363 Olcott St is .45 acres and is vacant land, #365 Olcott St is .23 acres and has a residential home on site, #11 Spencer St is 4.87 acres and has a small 810 sq ft retail building and a residential home on site. All tenants on month to month leases. See attached info for map. High traffic area with easy access to Interstate Highways - 384 or 84. There is a traffic signal at this corner - Olcott and Spencer.

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. Call 860-463-8103 for details.

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Hartford
Taxing Authority: Manchester
Tax ID/APN: 12563
Property Visibility: Excellent
Largest Nearby Street: Spencer
Traffic/Vehicle Count: 14,000
Highway Access: I-384 and I-84
Zoning Description: General Business
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,667 83,983 158,285
Median Age: 40.01 38.32 39.79
Households: 3,290 34,156 64,501

Contact

Photograph of Listing Agent

Liane Lombardi

Borden-Lombardi Realty, LLC
CTCList Member
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