11 Spencer St Manchester, CT 06040-8151

This exceptional 5.55-acre commercial land parcel in Manchester, CT, presents a unique investment opportunity. Strategically located at the intersection of Spencer Street and Olcott Street, this property boasts over 560 feet of frontage on Spencer Street, experiencing daily traffic exceeding 13,000 vehicles. Currently comprised of three contiguous parcels (11 Spencer St, 363 Olcott St, and 365 Olcott St), totaling approximately 5.55 acres, the property is zoned for General Business use. An agreement is in place to abandon a portion of Olcott Street West, further enhancing the property's value and usability by creating a single, cohesive parcel. The site includes an 810 sq ft retail building and a residential building on Spencer Street, both occupied by month-to-month tenants. Public water and sewer are available. Given the high traffic volume, prime location, and General Business zoning, this property offers excellent potential for various commercial developments. The need for housing in Manchester also presents a potential alternative use, subject to necessary approvals. This is a rare opportunity to acquire a significant land holding in a thriving Connecticut community. The asking price is $575,000.