35 Oakland St Manchester, CT 06042

This exceptional 5-story mill building at 35 Oakland Street in Manchester, CT presents a rare investment opportunity. Spanning 30,308 square feet on a 1.57-acre lot, this historic property offers immense potential for adaptive reuse. Its rich history, dating back over 136 years, includes service as a farmers' cooperative, opera house, and manufacturing site. The building's character is undeniable, featuring exposed wood beams, abundant windows, and attractive brick accents, creating a warm and inviting atmosphere. Currently, the property is best suited for conversion into multiple residential units (1 and 2 bedroom apartments), though other uses such as retail, manufacturing, or restaurants are possible. While architectural plans and final town approvals are required, preliminary research indicates the conversion project meets initial requirements. Sufficient additional parking is available to satisfy anticipated needs. A 2021 appraisal valued the property at $1,240,000, suggesting significant upside potential for the savvy investor with renovation experience. This is an opportunity to consolidate income-producing units within a single building, adding a unique and potentially high-return asset to your portfolio. Further exploration of alternative uses is encouraged.