State Leased Office building, Manchester, CT. 25,112 square feet. State leases 18,465 (=/- 73.5%) and has occupied this space for over 25 years. New seven(7) year lease with five (5) year renewal option. Same building ownership almost 40 years. Owner has completed tenant and common area capital upgrades in 2025 of over $300K. IN-PLACE cap rate of 7.28% with substantial upside potential to +11% with lease-up of "rent ready" vacant space of +/- 6,000 sq. ft. Building presently situated on a 6.5 acre lot zoned Neighborhood Commercial which owner will subdvide prior to sale. Building offered on +/- conforming 3.2 acre land parcel. Additional land parcel available separately at $475,000. Potential for single or MF development with zone change. Owner would prefer sale of entire property to a single buyer. Call listing agent for additional information.