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    205 Spencer St Manchester, CT 06040

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    71,612 SF Shopping Center, High Visibility

    Property size:
    71,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 71,612 square foot shopping center in Manchester, Connecticut presents a compelling investment opportunity. Situated on a 20.9-acre lot with approximately 450 feet of frontage, this single-tenancy property benefits from a highly visible location at a signalized intersection. The property enjoys convenient access to Interstates 384 and 84, ensuring excellent accessibility for customers and employees. Its General Business (GB) zoning allows for a variety of uses. The parcel number is MANC-000019-005190-000205. The strategic location near a substantial residential area guarantees a strong customer base. Furthermore, its proximity to Downtown Hartford, less than 15 minutes away, adds to its appeal. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning investors seeking a well-located, sizable retail space in a thriving Connecticut market. The address is 205 Spencer Street, Manchester, CT 06040.

    Property Features for 205 Spencer St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    71,612 SF
    Lot Size
    910,404 SF

    HighLights

    • 71,612 square foot shopping center in Manchester, CT.
    • Located on a 20.9‑acre lot with 450 feet of frontage at a signalized intersection.
    • Excellent accessibility via I‑384 and I‑84.
    • General Business (GB) zoning.
    • Parcel number MANC‑000019‑005190‑000205.
    • Strong customer base due to nearby residential area and proximity to Downtown Hartford (under 15 minutes).
    Property Profile Location Intelligence

    Current Use by Public Records

    Consumer Auto Parts Auto Parts Store AutoZone Auto Parts Auto Parts Store Ocean State Job ... Discount Store Luna Pizza - Manchester Pizza Restaurant Pep Boys Tire Shop

    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
    -72.571449333522
    Latitude
    41.768712490251

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    FAQs

    What type of property is this?
    Lifestyle center - 71,612 SF Shopping Center, High Visibility
    Where is this lifestyle center located?
    The property is located at 205 Spencer St Manchester, CT.
    What are key features of this property?
    This property features: 71,612 square foot shopping center in Manchester, CT.; Located on a 20.9-acre lot with 450 feet of frontage at a signalized intersection.; Excellent accessibility via I-384 and I-84.
    Request Owner's contact information
    205 Spencer St 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
    205 Spencer St Manchester, CT 06040
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