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    171 Spencer St Manchester, CT 06040

    Sponsored
    For Lease
    $13 SF/Yr ($17,400 /Mo)

    High-traffic retail space, 5,214 sq ft available

    Lot size:
    15,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 171 Spencer Street in Manchester, Connecticut, offers a prime opportunity for businesses seeking high-visibility space. The single-story building, constructed in 1987, boasts a total of 15,120 square feet, divided into six suites. Currently, a significant 5,214 square feet of retail space is available for lease, representing a substantial portion of the building. This contiguous space provides flexibility for a variety of uses, from retail to office or flex space. The minimum divisible space is also 5,214 square feet, making it ideal for a single large tenant. The property sits on a generous 2.15-acre lot, providing ample parking and visibility. The building features 200-amp power, but lacks elevators. Located in Hartford County, this Manchester property benefits from excellent access to major transportation routes and a strong local customer base. The address is 171 Spencer St, Manchester, CT 06040. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's size and location make it an attractive option for businesses seeking to establish or expand their presence in the Manchester market. The available space is ready for immediate occupancy.

    Property Features for 171 Spencer St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,120 SF
    Total Rate
    17400.6

    Building Details

    Year Built
    1987
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,150 SF
    Rate per SF
    $21,000
    Space
    Available Space
    Size
    5,214 SF
    Rate per SF
    $13

    HighLights

    • 5,214 SF available for lease in Manchester, CT.
    • $6,000/month gross rent (utilities and janitorial expenses are tenant responsibility).
    • Former billiards hall with existing bar and water hookups.
    • Two restrooms.
    • 12‑foot clear ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Guntur Mirchi - Indian ... Indian Restaurant Dance Village Dance Store Dunkin' Coffee Shop Patel Foods Grocery Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5675692
    Latitude
    41.7677671

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 5,214 sq ft available
    Where is this retail property located?
    The property is located at 171 Spencer St Manchester, CT.
    What is the lease rate?
    The lease rate is $13-$21,000 SF/Yr.
    What are key features of this property?
    This property features: 5,214 SF available for lease in Manchester, CT.; $6,000/month gross rent (utilities and janitorial expenses are tenant responsibility).; Former billiards hall with existing bar and water hookups.
    Request Owner's contact information
    171 Spencer St Manchester, CT 06040
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    Manchester, CT 06040
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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
    171 Spencer St Manchester, CT 06040
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