30 Bidwell St Manchester, CT 06040
- Commercial real estate
- 2.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 30 Bidwell St
- Lot size
- 2.74 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.74-acre parcel in Manchester, Connecticut, presents a prime opportunity for a build-to-rent (BTR) townhome development. Fully approved and entitled for 26 townhomes, this shovel-ready lot boasts a PRD zoning designation and requires no further approvals. The site is conveniently located near major highways, including Routes 384, 84, and 91, providing easy access to commuting routes. The property's flat terrain and lack of trees simplify construction. Detailed site plans and floor plans are available. Each of the planned townhomes is projected to command a monthly rental rate of $1700 to $1800. The property currently benefits from an AG exemption, resulting in very low property taxes. Its strategic location offers residents proximity to a wide array of shopping and retail options, including Walmart, Target, Home Depot, Lowe's, Costco, Trader Joe's, Shoppers Stop, Evergreen Walk, and Whole Foods. This location is considered highly desirable within the community. The asking price for this exceptional development opportunity is $1,040,000. This is a rare chance to acquire a fully permitted, ready-to-build project in a thriving market. Don't miss this chance to capitalize on the strong demand for rental housing in this area. The address is 30 Bidwell St, Manchester, CT 06040.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.557377
- Latitude
- 41.765868
