114-120 Charter Oak St - Bar FOR SALE


Manchester, CT 06040- Martin
$749,900 USD
860-295-1000
114-120 Charter Oak St, Manchester, CT for Sale
$749,900 USD
Bar - FOR SALE
1/3
null | Request Cap Rate

114-120 Charter Oak St
Manchester, CT 06040
Martin


OVERVIEW

One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property. This property consists of a four family building, with an adjacent building containing a restaurant/pub, plus another upstairs apartment unit. These buildings are on one parcel and cannot be separated. So it will take a commercial loan product or a cash/"cash like" financial arrangement to purchase. There is plenty of parking in the rear of the buildings for all of the usages of the buildings, with some dedicated strictly for tenants, making it even more attractive. These buildings are in good working condition, but also are older and will always need appropriate upkeep. So the ideal purchaser is someone who is experienced and use to owning/dealing with these types of investment properties. There are mostly separated utilities including the electrical, natural gas, public water and sewer. Great for the owner! The property abutts wonderful and recently reconstructed Charter Oak Park and brand new "Oaks". Walking distance to all of Main Street with all it's lively establishments and entertainment. If you've been looking for an investment in Manchester that combines residential and commercial aspects, this is a very nice opportunity.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RB

APN/PARCEL ID

MANC-000096-001080-000114

ASK ABOUT THIS PROPERTY

Kurt PotterRE/MAX EdgeMore Info
860-295-1000

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Kurt PotterRE/MAX EdgeMore Info
860-295-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.