35 Oakland St - Warehouse FOR SALE


Manchester, CT 06042- Robertson
$1,450,000 USD
860-882-8784
35 Oakland St, Manchester, CT for Sale
$1,450,000 USD
Warehouse - FOR SALE
1/1
null | Request Cap Rate

35 Oakland St
Manchester, CT 06042
Robertson


OVERVIEW

If the description would say Exceptional adaptive reuse opportunity with all major approvals already in place. This property is fully approved for the conversion into 26 residential units: 22 one-bedroom apartments and 4 two-bedroom apartments. Architectural, MEP, and all necessary site approvals are secured, allowing a developer to begin construction immediately. The building has already undergone interior demolition, significantly reducing upfront time and costs. Adding to the value, Phase I and Phase II Historic Tax Credit approvals have been obtained, creating the potential for substantial financial incentives for qualified buyers. The property is ideally situated with ample on-site parking and convenient access to shopping, restaurants, and major transportation routes. This is a rare, shovel ready development opportunity with approvals in place, valuable historic tax credit eligibility, and tremendous upside in a growing market.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1888

UTILITIES

-

CLEAR CEILING HT

10 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.57

LAND SF

68,389

ZONING

GB

APN/PARCEL ID

MANC-000074-004260-000035

ASK ABOUT THIS PROPERTY

Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

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Natalie ZoefVanguard Private Client GroupMore Info
860-882-8784

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