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First-Floor Retail Space
New
For Lease
$2,300/Mo

162 Spencer St, Manchester, CT 06040

Flexible commercial space with office or retail potential, a kitchenette, full bath, and basement storage.

Space SizeContact for details
Property Size784 SF
Days on Market2

Property Features for 162 Spencer St

General Information

Standard status Active
Size 784 SF
Property subtype Commercial

Space & Availability

Floor Ground
Space Use Office

Lease Terms

Lease Term 24 months
Flexible Term No

Additional Details

Utilities to Site Yes

Amenities

full bath
kitchenette
full basement

Building Details

Building Size 784 SF
Year Built 1945
Stories 1
Listing Agency: Brass Key Realty, LLC
Listed By: Nancy S. Jacques · License #REB.0757039
Source: Elliman
Added: Sep 12 Last Checked: Sep 13 at 9:24AM

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 Brass Key Realty, LLC

Investment Insights

Based on property information with market context.

This first-floor commercial space offers a practical layout for office or retail use, with four rooms, a full bathroom, and a kitchenette area. The property also includes a full basement, providing additional storage or work space. Electric, water, sewer, and lawn care are included with the tenancy.

Located at 162 Spencer St in Manchester, the property is near Route 384 and has a walk score of 0, indicating a car-dependent setting. The space was built in 1945 and is offered with a two-year lease term. Applicants must meet the stated credit requirements.

Key Highlights

  • Four‑room first‑floor layout for office or retail use
  • Full bathroom and kitchenette area
  • Full basement included

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Manchester, CT

$32.35 /SF/Yr
Avg Asking Price
$10–$43.2 /SF/Yr
Price Range
10,963 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial space with office or retail potential, a kitchenette, full bath, and basement storage.
Where is this retail space located?
The property is located at 162 Spencer St Manchester, CT.
What is the lease rate?
The lease rate is $2,300/Mo.
What are key features of this property?
This property features: Four‑room first‑floor layout for office or retail use; Full bathroom and kitchenette area; Full basement included
More about this property
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