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Financial
Distress signals
Property profile

205 Spencer St Manchester, CT 06040

FOR LEASE
Other commercial real estate
Property ID
US15-1046821
21.1 ac lot
Last sale Nov 2015 · $9,800,000
Trust Owned Owner of record is a trust. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
205 Spencer St, Manchester, CT 06040 For Lease
$350,000 71,612 SF available
205 Spencer St, Manchester, CT 06040
View Listing

Property summary

AI-generated overview

The property consists of a 6.5-acre commercial land parcel zoned General Business (GB) and includes an existing building. The site has approximately 450 feet of frontage and access via a signalized intersection. It is positioned near major transportation routes, providing convenient access to both I-384 and I-84, and it is located close to a residential area, with Downtown Hartford located within roughly 15 minutes by vehicle. Parcel number: MANC-000019-005190-000205.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$124k
Tax billed · 2023
Assessed value$3.34M
Assessed land$1.84M
Assessed improvement$1.51M
Effective rate3.72%

Value estimate

· Oct 2026
$350k
$315k – $385k
AI approach$350k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$58 – $124

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
A Business 3 zone is a commercial trade area for general public shopping convenience similar to a Business 2 zone except for department s...
General categoryCOMMERCIAL
JurisdictionMANCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.6
Law Firm18.2
Dental Office14.4

Location

205 Spencer St Manchester, CT 06040
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
176 Spruce, Manchester, CT 06040 $515,000 Jul 2025 824 SF
618 Ctr, Manchester, CT 06040-3920 $375,000 Jun 2025 No data
375 Ctr, Manchester, CT 06040-4445 $475,000 Jun 2025 4,117 SF
46 Ctr, Manchester, CT 06040-4966 $575,000 May 2025 2,457 SF
381 Ctr, Manchester, CT 06040-3924 $395,000 Apr 2025 2,832 SF
22 Spencer, Manchester, CT 06040-8150 $535,000 Mar 2025 2,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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