Smart MLS #24063076

35 Oakland St,
Manchester, CT 06042
35 Oakland St, Manchester, CT 06042 United States
Deposit / Show
$820,000
Commercial
30308 Sqft · INVEST,RESINC
Rare opportunity for many uses including multiple residential units. this unique historic mill offers 5 stories and approx. 30,800 sq. feet suited for conversion into residential apartments. over the last 136 years this building has witnessed a history of war and prosperity and has been a service point for many endeavors including the central connecticut co-op farmers association, the apel opera house, and a manufacturing site for wood stoves and furniture. exposed wood beams, lots of windows and brick accents create an inviting, warm and attractive feel. best suited for the seasoned investor with renovation experience willing to invest in a conversion into several 1 and 2 bedroom apartments, though other uses such as retail, manufacturing or restaurants are possible. architectural plans and final approval are needed from the town but initial research and discussions confirm this project meets the initial requirements to be converted. additional parking area is available to meet parking requirements. this is your opportunity to complete your investment portfolio by purchasing one property with all your income producing units in one building. please feel free to inquire about other uses. a recent appraisal in 2021 puts the value of this property at $1,240,000.

Map


Listing

Market Stats
  • List $820,000
  • 111 Days on Market

Real Estate Agent


Details

Building
  • Built 1888

Sqft
  • 30308 Total Sqft
  • 27548 Sqft of Residential

Lot / Land
  • 1.57 Acres
  • 900 Neighborhood
  • Additional Land Avail, Sloping Lot
  • STRD

Other
  • 1 Loading Docks

Utilities
  • Hot Air
  • Natural Gas, Other Fuel
  • Central Air
  • Public Water
  • Public Sewers

Taxes
  • Assessment $291,700
  • Mill Rate 38.68
  • Taxes $11,283
  • Parcel Num 2428937


Mortgage Calculator
  • 30yr Fixed-Rate Loan
  • 6.83% Interest
  • Purchase Price $820,000
  • Down Payment $164,000 (20.00%)

Estimated Payment with
30yr Fixed Rate Mortgage

Monthly
$5,230


Monthly Est. $5,230
Yearly Est. $62,760
30yr Est. $1,882,799
Go to the Mortgage Calculator
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This real estate listing for sale at 35 Oakland St is presently used as with 30308 total sqft and was built in 1888. It is located in the Manchester, Connecticut area with the 06042 zip code. For more info about the property at 35 Oakland St, Manchester, CT 06042 United States or if you would like to schedule a showing, please contact the listing agent above.

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