205 Spencer St, Manchester, CT 06040
For Lease
This exceptional 71,612 square foot retail building presents a unique investment opportunity in Manchester, Connecticut. Situated on a substantial 20.9-acre parcel, the property boasts significant frontage of approximately 450 feet along a signalized intersection, ensuring high visibility and accessibility. The single-tenant building is currently vacant, offering a blank canvas for a wide range of retail uses. Its General Business (GB) zoning allows for diverse development possibilities. The property's strategic location provides easy access to major transportation arteries, including Interstates 384 and 84, connecting businesses to a wider market. Furthermore, its proximity to a robust residential area guarantees a substantial customer base. The property's APN is #MANC-000019-005190-000205, and it's located in Hartford County. This prime location, combined with the substantial building size and ample land, makes this an unparalleled opportunity for investors seeking a high-impact retail development project. The property's single-story design and expansive footprint offer significant flexibility for customization and expansion. The existing building provides a solid foundation for immediate occupancy or redevelopment, catering to a variety of retail concepts. This is a rare chance to acquire a large-scale retail property in a thriving area with excellent access and visibility.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Manchester, CTManchester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.