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    283-307 Center St Manchester, CT 06040

    Sponsored
    For Lease
    $6 SF/Yr ($19,556 /Mo)

    Prime Mixed-Use Space Available

    Lot size:
    36,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 283-307 E Center St in Manchester, Connecticut, offers 36,104 square feet of versatile space. The building, constructed in 1955 and boasting a B-class rating, features a two-story design with a 9-foot ceiling height. Currently, 1,500 square feet is vacant, presenting a unique opportunity for a new tenant. The property sits on a substantial 4.54-acre lot with 335 feet of frontage, providing excellent visibility and accessibility. The building is zoned B3 and includes 130 parking spaces for ample tenant and customer convenience. The property's diverse tenant mix includes retail, office, and flex spaces, creating a vibrant and thriving environment. Its strategic location at a signalized intersection ensures high traffic volume and visibility, complemented by the presence of established businesses such as Dollar Tree and Key Bank. The 100-amp power supply caters to a range of business needs. This property is ideal for businesses seeking a high-traffic location with excellent visibility and ample parking in a well-established commercial area of Manchester, Hartford County, CT (zip code 06040). The available space totals 1,500 square feet, but additional space may be available upon request. This is a rare opportunity to secure a prominent location in a thriving commercial district.

    Property Features for 283-307 Center St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,104 SF
    Class
    B
    Total Rate
    19556.33

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    307 East Center St, Unit 307F
    Size
    2,970 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -72.5108173
    Latitude
    41.778228

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    FAQs

    What type of property is this?
    Flex space - Prime Mixed-Use Space Available
    Where is this flex space located?
    The property is located at 283-307 Center St Manchester, CT.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    283-307 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
    283-307 Center St Manchester, CT 06040
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