Technical
Financial
Distress signals
Property profile

244 Ctr St Manchester, CT 06040

OFF-MARKET
Showrooms
Property ID
US15-0436035
3,218 SF 1.13 ac lot Built 1952
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,218 SF
Lot 1.13 ac (49,223 SF)
Zoning code B2
APN MANC M:78 B:1020 L:244
UPID US15-0436035

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Cafe & Coffee Shop

Location

244 Ctr St Manchester, CT 06040-5041
Manchester metro Census 514700 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$398k
Blend (final) Blend
$605k

Owner & transaction history

since 2023
Last sale
$844,000
4 recorded transactions
2023
$844,000
2004
Price N/A
2000
Price N/A
2000
$300,000

Zoning & alternative use

B2 · Manchester, CT
Zoning description

• Merge the B2 and B3 zones into a new AB (Arterial Business) zone. Include 307 Highland Street into AB zone. • Merge the B5 zone into the GB zone. 6/29/26 7/20/26 Zone Change Map (PDF, 18MB) Town Clerk Exhibit (PDF, 19M…

General category COMMERCIAL
Top alternative use upside
Retail stores $370,000 +26.3%

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
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