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General Business Retail Center
For Lease
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239 Spencer St, Manchester, CT 06040

Retail center opportunity zoned General Business (GB) with approximately 450 feet of frontage at a signalized intersection.

Space Size71,612 SF
Days on Market358

Property Features for 239 Spencer St

General Information

Standard status Active
Size 71,612 SF
Property subtype RETAIL

Spaces For Lease

at 239 Spencer St
239 Spencer St AVAILABLE, Now
Floor 1
Size 71,612 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Potential to add up to 155,000 SF of retail - Zoned: General Business (GB) - Frontage: ±450’ - Signalized intersection - In close proximity to strong residential area
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Listing Agency: CBRE | Boston
Listed By: Rob Robledo · License #0777085
Source: Moodyscre
Added: Nov 4, 2025 Changed: Oct 25 Last Checked: Oct 28 at 7:53AM

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 CBRE | Boston

Rey
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Investment Insights

Based on property information with market context.

This retail center is offered for lease and includes the potential to add up to 155,000 square feet of retail. The property is zoned General Business (GB), supporting a range of retail uses consistent with that designation.

The site offers approximately 450 feet of frontage and is positioned at a signalized intersection. It is also described as being in close proximity to a strong residential area, supporting neighborhood-oriented foot traffic.

The offering is focused on expanding retail capacity under the current General Business zoning, with the existing frontage and intersection access designed to support visibility and customer access.

Key Highlights

  • Retail center opportunity with potential to add up to 155,000 SF of retail
  • Zoned General Business (GB)
  • Approximately 450 ft of frontage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

175
Businesses Nearby
172k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 45% Shops & Services 29% Groceries 27%
ShopRite Groceries
46,354 visits/mo 0.3 miles
McDonald's Dining
21,893 visits/mo 0.3 miles
Popeyes Louisiana Kitchen Dining
20,285 visits/mo 0.3 miles
Ocean State Job Lot Shops & Services
17,933 visits/mo 0.2 miles
Wendy's Dining
16,629 visits/mo 0.3 miles

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

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Coin Cloud Bitcoin ATM — 252 Spencer St, Manchester, CT 06040

Frequently Asked Questions

What type of property is this?
Shopping center - Retail center opportunity zoned General Business (GB) with approximately 450 feet of frontage at a signalized intersection.
Where is this shopping center located?
The property is located at 239 Spencer St Manchester, CT.
What are key features of this property?
This property features: Retail center opportunity with potential to add up to 155,000 SF of retail; Zoned General Business (GB); Approximately 450 ft of frontage
(617) 908-0745 Call to check price and availability
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