Prime Commercial Land
For Sale
$575,000
Pending
11 Spencer & 363 365 Olcott St, Manchester, CT 06042
5.55 acres with high traffic and development potential.
Property Size4,063 SF
Lot Size5.55 Acres
Days on Market153
Property Features for 11 Spencer & 363 365 Olcott St
General Information
Standard status
Pending
Size
4,063 SF
Lot size
5.55 Acres
Property subtype
Commercial
Building Details
Building Size
4,063 SF
Year Built
1936
Stories
2
Units
3
Listing Agency:
Borden-Lombardi Realty, LLC
(860) 463-8103
Listed By:
Dick S. Borden · License #REB.0790939
(860) 463-8103
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 listing comprises 5.55 acres across three parcels, offering approximately 560 feet of frontage on Spencer Street, which experiences over 13,000 vehicles daily according to CT DOT data. The properties must be sold as a single package. 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 featuring 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 and convenient access to Interstate Highways 384 and 84. A traffic signal is located at the corner of Olcott and Spencer. The owners are working with the town to abandon Olcott Street West, which would increase the total acreage to approximately 6 acres and make all three parcels contiguous. The property is zoned for general business, presenting excellent potential for commercial or business development. Given the need for housing in Manchester, elderly housing is also a possible option.
Key Highlights
- 5.55 acres (potentially 6 acres) in a high‑traffic location with ~560 ft frontage on Spencer St and over 13,000 vehicles per day.
- General Business Zone allows for commercial or business development.
- 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5.55 acres with high traffic and development potential.
Where is this commercial land located?
The property is located at 11 Spencer & 363 365 Olcott St 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 acres) in a high‑traffic location with ~560 ft frontage on Spencer St and over 13,000 vehicles per day.; General Business Zone allows for commercial or business development.; Easy access to Interstate Highways 384 and 84.
