170 Hale Rd Manchester, CT 06042
- Showrooms
- 6,224 SF
- 3.44 lot acres
Current Use by Public Records
- Showrooms
Property Details for 170 Hale Rd
- Year built
- 1995
- Construction
- FRAME
- Lot size
- 3.44 lot acres
- Property size
- 6,224 SF
- Zone code
- CUD
- Property type
- Showrooms
- APN
- MANC M:55 B:2630 L:170
- APU
- MANCM55B2630L170
Description
This exceptional 3.44-acre property at 170 Hale Road, Manchester, CT 06042, presents a significant redevelopment opportunity in the bustling Buckland Hills retail corridor. The existing 6,084 square foot building, constructed in 1995, sits on a single-story structure and offers a versatile canvas for a variety of uses. Boasting excellent visibility at a traffic light intersection with over 15,000 vehicles daily, and a mere two-minute drive from Interstate-84, this location ensures high exposure and accessibility. The B3 zoning allows for the potential construction of up to 30,000 square feet, making it ideal for a wide range of developments. Consider retail, medical, hotel, restaurant, service businesses, a gas station/convenience store, or even apartments. The property's strategic position amongst established businesses like Ashley's Furniture, Courtyard by Marriott, Urban Air Adventure Park, Walmart, and the Buckland Hills Mall, guarantees a strong foundation for success. Ground lease or build-to-suit options are available. This is a prime location for investors seeking high-impact development in a thriving Connecticut market. The property is conveniently located near the intersection of Hale Road and I-84. This is a rare opportunity to acquire a significant parcel in a high-demand area. Don't miss this chance to capitalize on this exceptional redevelopment potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $580,000
- 6.5%
- $620,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $640,000
- Mixed-Use
- $555,000
- Hospitality
- $665,000
- Educational
- $580,000
- Residential Income
- $570,000
- Energy
- $555,000
- Income-Based Land
- $510,000
- Food Service
- $550,000
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.5318
- Latitude
- 41.8102
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
