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    2 Main St Manchester, CT 06042

    For Sale
    $895,000

    8,070 SF Retail Space, High Visibility

    Property size:
    8,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,070 square foot retail storefront, situated at 2 Main Street in Manchester, Connecticut, presents a compelling investment opportunity. Located on a 0.56-acre lot, this single-story building boasts convenient access to I-84, ensuring high visibility and accessibility for customers. Built in 1969, the property is zoned General Business (GB), offering flexibility for a variety of retail uses. The building features two 8' x 8' overhead doors – one dock-level and one drive-in – providing ample loading and unloading capabilities. Adding to its potential, a 2,200 square foot rental unit is currently leased on a month-to-month basis, generating immediate income. The property's prime location near Manchester's Central Business District further enhances its value and potential for growth. This is a rare opportunity to acquire a substantial retail space with excellent access, ample parking, and strong income potential in a thriving Connecticut market. The asking price is $895,000. This property is ready for immediate occupancy and offers significant upside for the discerning investor.

    Property Features for 2 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,070 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1969
    Stories
    1

    HighLights

    • 8,070 SF retail storefront on a 0.56‑acre lot.
    • One 8'x8' dock‑level overhead door.
    • One 8'x8' drive‑in overhead door.
    • Convenient I‑84 access.
    • General Business (GB) zoning.
    • 2,200 SF rental unit, month‑to‑month lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farr's Sporting Goods Outdoor Sports Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -72.5251041
    Latitude
    41.7938631

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    FAQs

    What type of property is this?
    Individual retail property - 8,070 SF Retail Space, High Visibility
    Where is this individual retail property located?
    The property is located at 2 Main St Manchester, CT.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 8,070 SF retail storefront on a 0.56-acre lot.; One 8'x8' dock-level overhead door.; One 8'x8' drive-in overhead door.
    Request Owner's contact information
    2 Main St 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
    2 Main St Manchester, CT 06042
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