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    160 Chapel Rd Manchester, CT 06042

    Sponsored
    For Sale
    $2,230,000

    Prime Manchester location, 21,940 SF, strong income.

    Property size:
    21,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story office building, located at 160 Chapel Road in Manchester, Connecticut, presents a rare opportunity to acquire a fully occupied investment property. Boasting 21,940 square feet of space, this Class B building offers a blend of executive and traditional office suites, catering to a diverse tenant base. Constructed in 1986 and extensively renovated in 2019, the property is in excellent condition and benefits from a desirable park-like setting. The building sits on a generous 5.09-acre lot and features a finished basement, adding to its overall functionality. Currently operating under a gross lease structure with multiple tenants, the property enjoys 100% occupancy, providing immediate and substantial cash flow. Its strategic location offers easy access to major transportation arteries, including I-291 and I-84, as well as the convenience of nearby Buckland Mall. The asking price is $2,230,000, translating to a price per square foot of $101.64. This represents a compelling investment opportunity in a thriving Connecticut market. The property's strong occupancy rate, recent renovations, and prime location make it an attractive asset for discerning investors seeking stable income and long-term appreciation potential.

    Property Features for 160 Chapel Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    21,940 SF
    Class
    B
    Lot Size
    221,720 SF

    Building Details

    Year Built/Renovated
    1986/2019
    Stories
    3

    HighLights

    • Rarely available, fully occupied office building.
    • Modern, well‑located asset with strong, in‑place cash flow from stable tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheepdog Traffic Management ... Construction Company Ion Investments Investment Company MMNT Certified Public ... Accounting Firm WSDK Radio Broadcaster Vertex Analytics Consultant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5745042
    Latitude
    41.7967284

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Manchester location, 21,940 SF, strong income.
    Where is this office property / space located?
    The property is located at 160 Chapel Rd Manchester, CT.
    What is the asking price?
    The asking price for this property is $2,230,000.
    What are key features of this property?
    This property features: Rarely available, fully occupied office building.; Modern, well-located asset with strong, in-place cash flow from stable tenants.;
    (860) 616-4022
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    160 Chapel Rd Manchester, CT 06042
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    Manchester, CT 06042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    160 Chapel Rd Manchester, CT 06042
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