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699 East Middle Tpke
Manchester, CT 06040
State of Connecticut Lease · Office Property For Sale
Investment Highlights
- State of CT - Long Term Tenant of +/- 25 years with new seven (7) year lease occupies 72% of Building
- Potential to purchase adjacnet +/- 3.5 Acre development site at combined price of $2,975,000.
- Opportunity to achieve +/- 11.5% Cap Rate on lease up of currently vacant spaace. Priced based on Current Income Only.
- Ideal 1031 Opportunity
Property Facts
Property Type
Office
Property Subtype
Office/Residential
Building Size
25,112 SF
Building Class
C
Year Built/Renovated
1960/2024
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,112 SF
Building FAR
0.08
Lot Size
6.95 AC
Zoning
NB - Currently zoned Neighborhood Commercial
Potential for zone change of adjacent +/- 3.5 acres to residential or MF.
Parking
100 Spaces (3.98 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | MANC-000122-003950-000699 | Improvements Assessment | $851,100 |
| Land Assessment | $394,700 | Total Assessment | $1,245,800 |
Property Taxes
Parcel Number
MANC-000122-003950-000699
Land Assessment
$394,700
Improvements Assessment
$851,100
Total Assessment
$1,245,800
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