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169 Redstone - 169 Redstone Road, Manchester, CT 06042 2.79 Acres of Commercial Land Offered at $965,286 CAD in Manchester, CT 06042
INVESTMENT HIGHLIGHTS
- Convenient Location w/ Growing Demand For Multifamily
- Approved Plans
- All Utilities Available
EXECUTIVE SUMMARY
Prime opportunity to develop a level lot directly adjacent to I-84 off Exit 62, in Manchester CT. This property is approved for residential development with zoning classified as PRD (Planned Residential Development).
Key Highlights:
Approved Development: 27 residential condominium or apartment units.
Utilities: All major utilities available:
Water: Town of Manchester
Gas: Connecticut Natural Gas
Electric: Eversource
Sewer: Manchester Eighth Utilities District
Location Features:
Exceptional highway access, nearby Buckland Hills Mall, restaurants, and entertainment.
Situated on a low-traffic road for added privacy, yet proximate to major amenities.
Nestled in a thriving area that continues to support luxury developments like Vintage at the Grove, a proven multifamily success story.
PROPERTY FACTS
| Price | $965,286 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 2.79 AC |
| Property Type | Land | ||
| Zoning | GB - This property is approved for residential development, but is zoned GB allowing for many other uses. | ||
| Price | $965,286 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.79 AC |
| Zoning | GB - This property is approved for residential development, but is zoned GB allowing for many other uses. |
1 LOT AVAILABLE
Lot
| Price | $965,286 CAD | Lot Size | 2.79 AC |
| Price Per AC | $345,980.66 CAD |
| Price | $965,286 CAD |
| Price Per AC | $345,980.66 CAD |
| Lot Size | 2.79 AC |
Prime opportunity to develop a level lot directly adjacent to I-84 off Exit 62, in Manchester CT. This property is approved for residential development.
DESCRIPTION
Market Potential: Comparable luxury condominium units valued at $300,000+. Emerging market trends suggest even stronger pricing for newly introduced units. Whether you envision high-end condominiums or upscale apartments, this location is perfectly positioned for success. Unit Summary: The proposed development includes 27 residential units, thoughtfully designed to maximize living space and appeal to a range of renters or buyers. 2-Bedroom / 2-Bathroom Units: 1,221 SF (7 units, 25.9% of total) 1,249 SF (6 units, 22.2% of total) Total Living Area: 16,035 SF 1-Bedroom / 1-Bathroom Units: 797 SF (7 units, 25.9% of total) 770 SF (7 units, 25.9% of total) Total Living Area: 10,969 SF Total Living Area Across All Units: 27,004 SF Average Unit Size: 1,000 SF This unit mix is ideal for catering to diverse preferences, from families seeking spacious two-bedroom layouts to individuals and couples opting for comfortable one-bedroom units. Perfectly suited for Manchester's growing demand for quality housing.
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169 Redstone - 169 Redstone Road, Manchester, CT 06042
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