160 Chapel Rd Manchester, CT 06042
For Lease
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Property summary
This exceptional three-story office building, located at 160 Chapel Road in Manchester, Connecticut, presents a rare opportunity to acquire a fully occupied investment property. Boasting 21,940 square feet of space, this Class B building offers a blend of executive and traditional office suites, catering to a diverse tenant base. Constructed in 1986 and extensively renovated in 2019, the property is in excellent condition and benefits from a desirable park-like setting. The building sits on a generous 5.09-acre lot and features a finished basement, adding to its overall functionality. Currently operating under a gross lease structure with multiple tenants, the property enjoys 100% occupancy, providing immediate and substantial cash flow. Its strategic location offers easy access to major transportation arteries, including I-291 and I-84, as well as the convenience of nearby Buckland Mall. The asking price is $2,230,000, translating to a price per square foot of $101.64. This represents a compelling investment opportunity in a thriving Connecticut market. The property's strong occupancy rate, recent renovations, and prime location make it an attractive asset for discerning investors seeking stable income and long-term appreciation potential.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company
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Corporate Office Financial Advisor
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Accounting Firm Tax Preparation
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Radio Station Telecommunications Service
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Consultant
Value estimations
Owner & transaction history
Zoning & alternative use
An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IND · Manchester, CTAn industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IND in Manchester, CT.
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Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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