170 Hale RdManchester, CT 06042

Property Details for 170 Hale Rd

Year built

1995

Construction

FRAME

Lot size

3.44 AC

Property size (Sq ft)

6,224 SF

Zone code

CUD

Property type

Other commercial real estate

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,512,649

  6.5%

  $1,396,292

  7%

  $1,296,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,049,334

  Geo Method

  $2,049,334

• Alternative Use

  Use

  Valuation

  Residential

  $1,177,824

  Hospitality

  $1,078,881

  Educational

  $897,616

  Medical

  $928,486

  Retail

  $1,396,292

Location Insight

City

Manchester

County

Hartford

State

Connecticut

Latitude

41.8102

Longitude

-72.5318

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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