172 Middle Tpke W - Storefront Retail/Residential FOR SALE


Manchester, CT 06040- Center
$569,900 USD
860-633-0111
172 Middle Tpke W, Manchester, CT for Sale
$569,900 USD
Storefront Retail/Residential - FOR SALE
1/13
null | 10.35% Cap Rate

172 Middle Tpke W
Manchester, CT 06040
Center


HIGHLIGHTS

  • Recently Renovated.

OVERVIEW

Investment opportunity ! We are pleased to present two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. This strategic advantage contributes to the high level of foot traffic and adds to the overall appeal of the investment. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised od (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail/Shop and (1) Commercial Shop

FOR SALE DETAILS

PRICE

$569,900 USD

PRICE/SF

$138 USD /SF

CAP RATE

10.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

B2

APN/PARCEL ID

MANC-000060-003960-000172

ASK ABOUT THIS PROPERTY

Harry FinerWilliam Raveis Real EstateMore Info
860-633-0111

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Harry FinerWilliam Raveis Real EstateMore Info
860-633-0111

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