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114-120 Charter Oak St 3,000 SF Retail Building Manchester, CT 06040 $749,900 ($249.97/SF)



Executive Summary
One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property. This property consists of a four family building, with an adjacent building containing a restaurant/pub, plus another upstairs apartment unit. These buildings are on one parcel and cannot be separated. So it will take a commercial loan product or a cash/"cash like" financial arrangement to purchase. There is plenty of parking in the rear of the buildings for all of the usages of the buildings, with some dedicated strictly for tenants, making it even more attractive. These buildings are in good working condition, but also are older and will always need appropriate upkeep. So the ideal purchaser is someone who is experienced and use to owning/dealing with these types of investment properties. There are mostly separated utilities including the electrical, natural gas, public water and sewer. Great for the owner! The property abutts wonderful and recently reconstructed Charter Oak Park and brand new "Oaks". Walking distance to all of Main Street with all it's lively establishments and entertainment. If you've been looking for an investment in Manchester that combines residential and commercial aspects, this is a very nice opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
3,000 SF
Building Class
C
Year Built
1920
Price
$749,900
Price Per SF
$249.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.37 AC
Zoning
RB
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MANC-000096-001080-000114 | Improvements Assessment | $198,300 |
| Land Assessment | $57,500 | Total Assessment | $255,800 |
Property Taxes
Parcel Number
MANC-000096-001080-000114
Land Assessment
$57,500
Improvements Assessment
$198,300
Total Assessment
$255,800
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114-120 Charter Oak St
