Mixed-Use Strip Mall
For Sale
Contact for pricing
143 Middle Turnpike W, Manchester, CT 06040
Strip mall with four current tenants, separate utilities, and public water, sewer, and natural gas.
Property SizeContact for details
Days on Market133
Property Features for 143 Middle Turnpike W
General Information
Standard status
Active
Property subtype
Retail
Occupancy
80%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
CT Restaurant Brokers LLC
Listed By:
Savas Ozuolmez · License #CT 0788257
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 14 at 7:41AM
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 CT Restaurant Brokers LLC
Investment Insights
Based on property information with market context.
This for-sale strip mall offers a mixed-income setup with four tenants in place, including a pizza place, barber shop, convenience store, and residential apartment. The property also includes additional residential unit needs rehab, and there is a small lot approved for construction of another residential or retail store.
Utilities are separate, with access to public water, public natural gas, and public sewer. The owner has been in place for 16 years, and reported monthly rental income is $5,075. Real estate tax is listed as $7,486 per year, plus an $800 district tax per year.
A total of six potential income units are described as part of the property’s configuration: two residential units, three retail spaces, and one additional lot to be built. No seller financing is available, and no tax returns or profit/loss statements are provided. The tenants were current as of November 2020.
Utilities are separate, with access to public water, public natural gas, and public sewer. The owner has been in place for 16 years, and reported monthly rental income is $5,075. Real estate tax is listed as $7,486 per year, plus an $800 district tax per year.
A total of six potential income units are described as part of the property’s configuration: two residential units, three retail spaces, and one additional lot to be built. No seller financing is available, and no tax returns or profit/loss statements are provided. The tenants were current as of November 2020.
Key Highlights
- Strip mall with 4 current tenants: pizza place, barber shop, convenience store, and residential apartment
- Potential for 6 income units total (2 residential, 3 retail, and 1 additional lot to be built); one apartment needs rehab
- Currently $5,075/month rental income with tenants reported current as of November 2020
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
80%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 06040, CT
35,676
Population
15,550
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
2,111
Density / Sq Mi
$84,741
Median Household Income
$48,208
Median Earnings
$1,361
Median Rent
$238,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Strip mall - Strip mall with four current tenants, separate utilities, and public water, sewer, and natural gas.
Where is this strip mall located?
The property is located at 143 Middle Turnpike W Manchester, CT.
What are key features of this property?
This property features: Strip mall with 4 current tenants: pizza place, barber shop, convenience store, and residential apartment; Potential for 6 income units total (2 residential, 3 retail, and 1 additional lot to be built); one apartment needs rehab; Currently $5,075/month rental income with tenants reported current as of November 2020
