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    11 Spencer & 363,365 Olcott Street

    Manchester, CT 06042
    • $625,000
    • STATUS: Active
    • ON SITE: 551 days
    • MLS #: 170176547
    UPDATED: 38 min ago
    $625,000
    • 0
      BEDS
    • 5.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,063
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1936
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2020-09-30T21:10:08.513.
    www.frankschiavone.com/homes/93146454
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    11 Spencer & 363,365 Olcott Street Manchester, CT 06042

    • Price: $625,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 170176547
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.55
    Acres
    4,063
    SQFT
    $154
    $/SQFT
    1936
    Built
    Neighborhood:
    N/A
    County:
    Hartford
    Area:
    Manchester
    Property Description
    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.
    Exterior Features

    Construction Description FrameMasonry Foundation Type ConcreteMasonry Lot Description Level LotSloping LotTreed Parking Spaces Uncovered 10 Parking Total Spaces 11 Road Frontage Approximate 560 Road Frontage Description Municipal StreetPaved Road Roof Information Asphalt ShingleOther

    Interior Features

    Cooling System Window Unit Flooring ConcreteTileVinylWood Heat Type Hot AirSteam Restrooms Number Of 2

    Property Features

    Bank Owned Property Yn No Commercial Category IndustrialInvestmentOfficeRetail Documents Available Legal Description Electic Amperage 100 Electic Volts 120240 Exclusions N/A Flood Zone Yn No Garage Parking Info Attached GarageDrivewayOff Street Parking Heat Fuel Type Natural GasOil Location Highway AccessSuburbanShopping MallStrip MallOther Possession Availability Negotiable Potential Short Sale Yn No Potential Use General Business Zone Present Use Retail & Residential Property Tax 9962 Sewage System Public Sewer Connected Sign Yn Yes Subdividable Ynu Unknown Tenants Number Of 2 Utilities Available ElectricGasPhone AvailableCable Water Source Public Water Connected Zoning General Business

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Dick S Borden of Borden-Lombardi Realty, Llc.


    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2020-09-30T21:10:08.513.
     
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    Frank Schiavone with William Raveis Real Estate
    45 Field Point Rd.
    Greenwich CT, 06830