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11 Spencer & 363,365 Olcott Street

Manchester, CT 06042
  • $575,000
  • STATUS: Active Under Contract
  • ON SITE: 1623 Days
  • MLS #: 170298631
Under Contract
UPDATED: 16 min ago
$575,000
  • 0
    BEDS
  • 5.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
High School:

Description

This prime location listing is for a total of 5.55 acres in 3 parcels of ~560 ft of frontage on Spencer St and over 13,000 vehicles per day (according to CT DOT), which must be sold as one package. #363 Olcott St. is .45 acre parcel, #365 Olcott St. is .23 acre and has a residential home on site, #11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site. All tenants on month to month leases. See attached info. High traffic area with easy access to Interstate Highways - 384 or 84. There is a traffic signal at this corner - Olcott and Spencer. PLEASE NOTE THE OWNERS ARE WORKING WITH THE tOWN AND THERE IS AGREEMENT TO ABANDON OLCOTT STREET WEST WHICH WILL MAKE ALL 3 PARCELS CONTIGUOUS BRINGING TOTAL ACREAGE TO APPROX. 6 ACRES. Property has excellent potential for commercial or business development due to General Business Zone. There is a need for housing in Manchester and an approval for housing is a possible option. The General Business Zone and prime location of this corner parcel with a traffic signal poses an excellent opportunity for a viable business/commercial development proposal.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-11-05T15:10:24.36.
www.faifmangroup.com/homes/106233481
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11 Spencer & 363,365 Olcott Street Manchester, CT 06042

  • Price: $575,000
  • Status: Active Under Contract
  • On Site: 1623 Days
  • Updated: 16 min ago
  • MLS #: 170298631
0
Beds
0
Baths
0
½ Baths
5.55
Acres
County:
Hartford
Area:
Manchester
Elementary School:
per board of ed
High School:
per board of ed
Property Description
This prime location listing is for a total of 5.55 acres in 3 parcels of ~560 ft of frontage on Spencer St and over 13,000 vehicles per day (according to CT DOT), which must be sold as one package. #363 Olcott St. is .45 acre parcel, #365 Olcott St. is .23 acre and has a residential home on site, #11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site. All tenants on month to month leases. See attached info. High traffic area with easy access to Interstate Highways - 384 or 84. There is a traffic signal at this corner - Olcott and Spencer. PLEASE NOTE THE OWNERS ARE WORKING WITH THE tOWN AND THERE IS AGREEMENT TO ABANDON OLCOTT STREET WEST WHICH WILL MAKE ALL 3 PARCELS CONTIGUOUS BRINGING TOTAL ACREAGE TO APPROX. 6 ACRES. Property has excellent potential for commercial or business development due to General Business Zone. There is a need for housing in Manchester and an approval for housing is a possible option. The General Business Zone and prime location of this corner parcel with a traffic signal poses an excellent opportunity for a viable business/commercial development proposal.
Exterior Features

Direct Waterfront YN No Lot Description Level LotSloping LotTreed Road Frontage Approximate 560 Road Frontage Description Municipal StreetPaved Road Waterfront Description Not Applicable

Property Features

Bank Owned Property No Financing Used Withheld Flood Zone YN No Home Owners Assocation No Location Highway AccessSuburbanShopping MallStrip MallOther New Construction Type No/Resale Potential Short Sale No Property Sub Type Commercial Land Septic Approval YN No Septic Plan Available YN No Sewage System Public Sewer Connected Sewer Assess Description metered based on water consumption Subdividable YN Unknown Tax Year July 2024-June 2025 Under Agreement Yn No Utilities Available ElectricGasPhone AvailableCable Water Source Public Water Connected Zoning General Business

Listing information © 2024 Smart MLS
Listing provided courtesy of Dick Borden of Borden-Lombardi Realty, LLC: (860) 463-8103.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-11-05T15:10:24.36.
 
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