6-Acre Commercial Land
For Sale
$575,000
Pending
11 Spencer & 363 365 Olcott Street, Manchester, CT 06042
Prime commercial land package with high traffic and development potential.
Property Size2,968 SF
Lot Size5.55 Acres
Days on Market2694
Property Features for 11 Spencer & 363 365 Olcott Street
General Information
Standard status
Pending
Size
2,968 SF
Lot size
5.55 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$11,456
Building Details
Year Built
1936
Listing Agency:
Borden-Lombardi Realty, LLC
(860) 463-8103
Listed By:
Dick S. Borden · License #REB.0790939
(860) 463-8103
Source:
Exitrealty
Added: Mar 29, 2019
Changed: Aug 8
Last Checked: Jul 16 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Borden-Lombardi Realty, LLC
Investment Insights
Based on property information with market context.
This offering comprises a 5.55-acre package across three parcels, potentially expanding to approximately 6 acres pending the town's abandonment of Olcott Street West, which would make all three parcels contiguous. The property features approximately 560 feet of frontage on Spencer Street, which sees over 13,000 vehicles daily according to CT DOT data. The parcels include #363 Olcott St., a 0.45-acre vacant lot; #365 Olcott St., a 0.23-acre lot with a residential home; and #11 Spencer St., a 4.87-acre lot improved with a small 810 square foot retail building and a residential home. All tenants are on month-to-month leases. The location benefits from high traffic volume and convenient access to Interstate Highways 384 and 84. A traffic signal is located at the corner of Olcott and Spencer. Zoned for general business, the property presents excellent potential for commercial or business development. There is also a potential for elderly housing development.
Key Highlights
- 5.55 acres (potentially 6) in a high‑traffic location with ~560 ft frontage on Spencer St and over 13,000 vehicles per day.
- General Business Zone allows for excellent commercial or business development potential.
- Easy access to Interstate Highways 384 and 84.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 06042, CT
24,044
Population
10,915
Households
2.2
Avg Household Size
37
Median Age
45%
College-Educated
95%
High-School Grad
10.5 sq mi
ZIP Area
2,290
Density / Sq Mi
$89,132
Median Household Income
$57,794
Median Earnings
$1,724
Median Rent
$219,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime commercial land package with high traffic and development potential.
Where is this commercial land located?
The property is located at 11 Spencer & 363 365 Olcott Street Manchester, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5.55 acres (potentially 6) in a high‑traffic location with ~560 ft frontage on Spencer St and over 13,000 vehicles per day.; General Business Zone allows for excellent commercial or business development potential.; Easy access to Interstate Highways 384 and 84.
