11 Olcott St Manchester, CT 06040
- Commercial real estate
- 4,063 SF
- 5.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 11 Olcott St
- Year built
- 1936
- Lot size
- 5.55 lot acres
- Property size
- 4,063 SF
- Property type
- Commercial real estate
Description
This exceptional 5.55-acre commercial property in Manchester, CT, presents a unique investment opportunity. Located at 11 Spencer Street and 363 & 365 Olcott Street, the property comprises three parcels totaling approximately 5.55 acres, with the potential to expand to approximately 6 acres pending the town's approval to abandon Olcott Street West, making all three parcels contiguous. The site boasts significant frontage on Spencer Street, exceeding 560 feet, and benefits from exceptionally high traffic volume, exceeding 13,000 vehicles daily according to the CT DOT. A traffic signal at the Olcott and Spencer Street intersection further enhances visibility and accessibility. The property includes a small 810 square foot retail building and two residential homes, currently occupied by month-to-month tenants. One residential home sits on a 0.23-acre parcel (365 Olcott St.), while the other is located on a 4.87-acre parcel (11 Spencer St.) along with the retail building. An additional 0.45-acre vacant lot (363 Olcott St.) is also included. The property is zoned for General Business, offering excellent potential for diverse commercial or business development. Given the current housing needs in Manchester, the property also presents a viable option for elderly housing, subject to necessary approvals. This prime location offers easy access to Interstates 384 and 84, making it an attractive site for a wide range of commercial ventures. The property is being sold as a single package.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.561
- Latitude
- 41.7684
