Strip Mall

Manchester, CT Strip Malls for Sale

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Mixed-Use Strip Mall Opportunity
Updated: Apr 12
Mixed-Use Strip Mall Opportunity

143 Middle Turnpike W, Manchester, CT 06040

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Strip mall with 4 current tenants: pizza place, barber shop, convenience store, and residential apartment
Potential for 6 income units total (2 residential, 3 retail, and 1 additional lot to be built); one apartment needs rehab
Currently $5,075/month rental income with tenants reported current as of November 2020
Separate utilities; public water, public natural gas, and public sewer
Small lot approved to be built another residential or retail store
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Manchester, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Strip Mall with 8 Retail Spaces
Strip Mall with 8 Retail Spaces

1457 Meriden Rd, Wolcott, CT 06716

$1,980,000
13,878 sqft 5.19 AC lot

1990-built strip mall featuring eight long-tenanted storefront units in a heavy-traffic Wolcott corridor.

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Retail Strip Center on Corner
Retail Strip Center on Corner

16-24 Arnold Ave, Springfield, MA 01119

$979,000
6,350 sqft

Retail strip center on busy Boston Road Rt 20.

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Strip Mall with Long-Term Tenants
Strip Mall with Long-Term Tenants

1457 Meriden Road, Wolcott, CT 06716

$1,980,000
13,878 sqft 5.19 AC lot

A Wolcott strip mall on 5.19 acres with eight retail spaces and long-tenured tenants averaging 16 years.

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Strip Mall with Restaurant Units
Strip Mall with Restaurant Units

1168 Boston Road, Springfield, MA 01119

$1,389,000

Three-unit retail strip mall on Boston Road with ample surface parking and a restaurant plus two additional income-producing spaces.

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Manchester, CT Strip Malls Market Trends and Statistics

Explore 1 strip malls for sale in Manchester, CT on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 13
Auto shops 6
Automotive properties 6
Grocery and convenience stores 4
Storefront properties 4

Demographics Overview

Population 59K
Population Growth (5Y) +2.2%
Median Household Income $86,461
College Educated 29.0%

Taxes & Financing

Tax Rate (average for all types) 3.74%
Property Tax per SF $46.56 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hartford County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Manchester fall within the 100,000+ square foot range.

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