HomesCondosMultisRentalsCommercialLand
   
257 E Center, Manchester, CT 06040
INVEST,OFFICE,RESINC | Offices | 12,112 Sqft

$985,000
2 Days on Market - Active


Let me tell you more about this rare find 'multi building compound' currently used as offices which can potentially be turned into a planned residential development. this property includes two separate buildings and a stand alone workshop or storage facility on 1.63 acres. building a was built in 1970, with two floors totaling 8064 sq ft and offers a flexible/sub dividable floor plan for any # of office spaces or converted residences. this makes it very easy to accommodate tenants with different size requirements. currently there are 4 office suites of varying sizes. one very long term medical tenant would like to stay on and occupies the entire first floor of 4032 sq ft. building b was built in 1915 and is currently divided into 4 separate office spaces with a total of 3600 sq ft. if turned into residential units, the 3rd floor may be finish-able. both buildings are in excellent shape with amenities such as gas heat, central air and over 40 parking spaces. at the back of the property is a free standing 'rentable' workshop of 400 sq feet with electric, heat and air. use it as storage or rent it out. ask for more details on income, office tenants or residential conversion requirements.

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Details
  • 8 Units
  • 1.63 Acres
  • Built in 1970

Sqft
  • 12112 Total Sqft
  • 12112 Sqft of Office

Parking
  • 40 Total Spaces

Location
  • Level Lot, Cleared
  • STRD

Business

    Financials
      - No Data -

    Utilities
    • Hot Air
    • Natural Gas
    • Central Air
    • Public Water
    • Public Sewers

    Taxes
    • $563,400 Assessment
    • 37.20 Mill Rate
    • $20,958 Taxes

    Source
    • CT Smart MLS
    • MLS ID 24029494

    Real Estate Agent


    Map of 257 E Center, Manchester, CT 06040

    Directions to 257 E Center, Manchester, CT 06040
    off East Center set back off road. Look for sign

    Go To Google Maps for Directions


    Mortgage Calculator
    Loan Type: 30yr Fixed   |   Interest Rate: 6.95%   |   Purchase: $985,000   |   Downpayment @ 20.00%: $197,000

    Mortgage Payment Estimate
    for a 30yr Fixed Rate Loan

    Monthly
    $6,963


    Monthly Cost Estimate: $6,963
    • Mortgage: $5,216
    • Taxes: $1,747
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    Yearly Cost Estimate: $83,552
    • Mortgage: $62,594
    • Taxes: $20,958
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    30yr Cost Estimate: $2,703,554
    • Mortgage: $1,877,814
    • Taxes: $628,740
    • Insurance: $0
    • HOA: $0
    • Utilities: $0
    • Downpayment: $197,000

    Go To Mortgage Calculator

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    This real estate listing for sale at 257 E Center is presently used as with 12112 total sqft and was built in 1970. It is located in the Manchester, CT area with the 06040 zip code. For more info about the property at 257 E Center, Manchester, CT 06040 or if you would like to schedule a showing, please contact the listing agent above.

    Data sourced from CT SMART MLS and was last updated January 01, 1970. 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 2021 SmartMLS, Inc.