$575,000
11 Spencer & 363, 365 Olcott Street Manchester, CT 06042
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$575,000
Est. payment /mo
5.55 Acres Lot
Under Contract
11 Spencer & 363, 365 Olcott Street Manchester, CT 06042
UPDATED:
08/16/2024 01:33 PM
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 170298631
Annual Tax Amount $11,128
Lot Size 5.550 Acres
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 parcel, #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 ALL 3 PARCELS CONTIGUOUS BRINGING TOTAL ACREAGE TO APPROX. 6 ACRES. 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 housing is a possible option.
Location
State CT
County Hartford
Zoning General Business
Exterior
Utilities Available Electric, Gas, Phone Available, Cable
Waterfront Description Not Applicable
Building
Lot Description Level Lot, Sloping Lot, Treed
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Dick Borden • Borden-Lombardi Realty, LLC
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