Technical
Financial
Distress signals
Property profile

138 Center St Manchester, CT 06040

OFF-MARKET
Apartment buildings
Property ID
US15-0002781
2,846 SF 0.15 ac lot Built 1916
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class A, 12,100 square foot, two-story office building, completely renovated in 2024, offers multiple suites for lease in the heart of downtown Redding. Located at the prime corner of East and Shasta Streets, this building boasts a stunning new façade and upgraded interior finishes throughout. Suites range from 275 to 2,260 contiguous square feet, with a total of 7 suites and 7,945 square feet currently vacant. Amenities include ample parking, a shared first-floor conference room for second-floor tenants, 24/7 secure access, and modern common areas featuring new restrooms, a chic kitchenette, and updated lighting and flooring. The building's flexible floor plans cater to a variety of business needs, making it an ideal location for businesses seeking a prestigious address in a thriving downtown environment. Built in 1958, this property benefits from a recent, high-quality renovation, offering a blend of historic charm and modern functionality. The zoning is DCD-SP-BH - Downtown Core District - Specific Plan - Building Height Overlay, and the APN is 101-040-009. This is a unique opportunity to secure office space in a revitalized downtown location with superior amenities and a prime address.

Property profile

Verified
Property type Apartment buildings
Year built 1916
Total area 2,846 SF
Lot 0.15 ac (6,534 SF)
UPID US15-0002781

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

138 Center St Manchester, CT 06040
Manchester metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 138 Center St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message