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11 Spencer St 5.55 Acres of Commercial Land Offered at $815,022 CAD in Manchester, CT 06040

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Executive Summary

This listing is for a total of 5.55 acres in three parcels: 11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site, 363 Olcott St. is .45 acre and is vacant land, and 365 Olcott St. is .23 acre and has a residential home on site. All tenants on month to month leases. This land consisting of 3 parcels must be sold as one package. There is a need for housing in Manchester and an approval for elderly housing is a possible option. Property has excellent potential for commercial or business development pursuant to General Business Zone. High traffic area with easy access to Interstate Highway. There is a traffic signal at this corner of Olcott and Spencer. Call listing Broker for details.

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

Property Facts Under Contract

Price	$815,022 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Multifamily Apartment Units Planned Unit Development
No. Lots	1	Total Lot Size	5.55 AC
Property Type	Land	Cross Streets	Olcott St
Zoning	GB - General commercial

Price	$815,022 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily Apartment Units Planned Unit Development
Total Lot Size	5.55 AC
Cross Streets	Olcott St
Zoning	GB - General commercial

1 Lot Available

Lot

Price	$815,022 CAD	Lot Size	5.55 AC
Price Per AC	$146,850.86 CAD

Price	$815,022 CAD
Price Per AC	$146,850.86 CAD
Lot Size	5.55 AC

Description

This listing is for a total of 5.55 acres in three parcels. 11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site, 363 Olcott St. is .45 acre and is vacant land, and 365 Olcott St. is .23 acre and has a residential home on site. This land consisting of 3 parcels must be sold as one package. There is a need for housing in Manchester and an approval for elderly housing is a possible option. Property has excellent potential for commercial or business development pursuant to General Business Zone. High traffic area with easy access to Interstate Highway. There is a traffic signal at this corner of Olcott and Spencer. Call listing Broker for details..

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Fairly walkable

40/100

Exceptionally drivable

100/100

Limited public transit

30/100

Fairly bikeable

50/100

Source: Local Logic^®

Property Taxes

Parcel Number	MANC-000033-005190-000011	Improvements Assessment	$187,631 CAD
Land Assessment	$344,438 CAD	Total Assessment	$532,069 CAD

Property Taxes

Parcel Number

MANC-000033-005190-000011

Land Assessment

$344,438 CAD

Improvements Assessment

$187,631 CAD

Total Assessment

$532,069 CAD

(860) 268-8115

Contacts

Liane Lombardi
Richard Borden
Borden-Lombardi Realty LLC

Listing ID: 15641675
Date on Market: 2019-04-05
Last Updated:
Address: 11 Spencer St, Manchester, CT 06040

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