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11 Spencer St
Manchester, CT 06040
Land For Sale
·
5.55 AC
INVESTMENT HIGHLIGHTS
- Traffic
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.
PROPERTY FACTS Under Contract
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.55 AC |
| Property Type | Land | Cross Streets | Olcott St |
| Property Subtype | Commercial | ||
| Zoning | GB - General commercial | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.55 AC |
| Cross Streets | Olcott St |
| Zoning | GB - General commercial |
1 LOT AVAILABLE
Lot
| Price | $575,000 | Lot Size | 5.55 AC |
| Price Per AC | $103,603.60 |
| Price | $575,000 |
| Price Per AC | $103,603.60 |
| 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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