103 Tolland Tpke Manchester, CT 06042
- Showrooms
- 8,178 SF
- 2.44 lot acres
Current Use by Public Records
- Murphy's Sports Bar / Restaurant
- Winners Manchester / Off Track Betting Shop
- Shea's Pizzeria and Sports Bar / Restaurant / Bar & Grill
Property Details for 103 Tolland Tpke
- Year built
- 1932
- Construction
- FRAME
- Lot size
- 2.44 lot acres
- Property size
- 8,178 SF
- Zone code
- B3
- Property type
- Showrooms
- APN
- MANC M:87 B:5490 L:103
- APU
- MANCM87B5490L103
Description
This exceptional investment opportunity presents a 21,500 square foot, multi-tenant retail property located at 103 Tolland Turnpike in Manchester, Connecticut. The property, situated on a 2.44-acre lot, boasts a prime location along a heavily traveled commercial corridor with approximately 20,000 vehicles per day. The main tenant is Shea's Pizzeria & Sports Bar, a full-service restaurant and bar with extensive indoor and outdoor seating, including Connecticut's largest patio by seating capacity (460 patrons) and an indoor capacity of 269 patrons. A portion of the property is also leased to Winners Racing-Betting-Sports. The property features ample parking for 150 cars. Significant renovations were completed in 2015, encompassing a complete kitchen rehab, dining space, foyer, bar, and restrooms. The roof was replaced in 2022. The property is zoned for business use and offers a 7.80% cap rate with a current NOI of $304,270 and 100% occupancy. The asking price is $3,900,000 ($181.40/sq ft). This sale/leaseback opportunity presents a compelling investment in a thriving commercial area. The property's size, location, and strong tenant occupancy make it an attractive proposition for discerning investors.
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
- -72.5104
- Latitude
- 41.8141
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
