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    654 Center St Manchester, CT 06040

    Sponsored
    For Lease
    $12 SF/Yr ($14,400 /Mo)

    3,000 sq ft, prime location, below market rent.

    Lot size:
    14,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,000-square-foot medical office space is situated in a vibrant Manchester, CT neighborhood, offering a single-tenant occupancy within a larger 14,400-square-foot building. The property boasts a highly desirable location, conveniently situated near the bustling Buckland Hills Retail Corridor, approximately two miles from both Buckland Hills and I-84 exit 60 (via Route 44), providing excellent access and visibility. This newly constructed physician's office benefits from a below-market rental rate, further enhanced by a tenant improvement allowance and rent abatement. The building sits on a three-acre lot and is zoned for neighborhood commercial use, ensuring a stable and supportive business environment. Its proximity to Buckland Hills, one of Connecticut's largest retail hubs, guarantees high traffic and strong potential for growth. The address is 654 Center St, Manchester, CT 06040, with convenient access to Adams Street. This is a fantastic opportunity for medical professionals seeking a modern, well-located, and cost-effective space to establish or expand their practice. The property offers great visibility in a busy neighborhood retail area. A twelve-month rent concession is available.

    Property Features for 654 Center St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,400 SF
    Total Rate
    14400

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $12

    HighLights

    • 3,000 SF medical office space in Manchester, CT, single‑tenant occupancy within a larger 14,400 SF building.
    • Excellent location near Buckland Hills Retail Corridor, ~2 miles from I‑84 exit 60.
    • Below‑market rent with tenant improvement allowance and rent abatement (including a twelve‑month rent concession).
    • Three‑acre lot, neighborhood commercial zoning.
    • 654 Center St, Manchester, CT 06040.
    Property Profile Location Intelligence

    Current Use by Public Records

    Olcott Package Store Beer Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -72.548679896602
    Latitude
    41.775089498645

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    FAQs

    What type of property is this?
    Office space - 3,000 sq ft, prime location, below market rent.
    Where is this office space located?
    The property is located at 654 Center St Manchester, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 3,000 SF medical office space in Manchester, CT, single-tenant occupancy within a larger 14,400 SF building.; Excellent location near Buckland Hills Retail Corridor, ~2 miles from I-84 exit 60.; Below-market rent with tenant improvement allowance and rent abatement (including a twelve-month rent concession).
    Request Owner's contact information
    654 Center 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
    654 Center St Manchester, CT 06040
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