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    FOR LEASE
    Commercial real estate

    205 Spencer St, Manchester, CT 06040

    21.1 ac lot
    Trust Owned 10-yr Hold Free & Clear
    Property ID
    US15-1046821
    205 Spencer St, Manchester, CT 06040 For Lease
    Contact for pricing 71,612 SF available
    205 Spencer St, Manchester, CT 06040
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 21.1 ac (919,116 SF)
    Zoning code B3
    APN MANC M:19 B:5190 L:205
    UPID US15-1046821
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Consumer Auto Parts Auto Parts Store
    • AutoZone Auto Parts Auto Parts Store
    • Ocean State Job Lot Discount Store
    • Luna Pizza - Manchester Restaurant
    • Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
    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
    Wal-mart Re Business Trust · 10 yrs held
    Wal-mart Re Business Trust
    since 2015
    4 recorded transactions
    2015
    $9.8M
    2006
    $7.7M
    1994
    $364,800
    1993
    $399,820
    Zoning & alternative use
    B3 · Manchester, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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