For Sale
$575,000

11 Olcott StManchester, CT 06040

High-traffic 5.55-acre site, development potential.

Overview

Added:
Feb 3
Days on market:
62
This exceptional 5.55-acre commercial property in Manchester, CT, presents a unique investment opportunity. Located at 11 Spencer Street and 363 & 365 Olcott Street, the property comprises three parcels totaling approximately 5.55 acres, with the potential to expand to approximately 6 acres pending the town's approval to abandon Olcott Street West, making all three parcels contiguous. The site boasts significant frontage on Spencer Street, exceeding 560 feet, and benefits from exceptionally high traffic volume, exceeding 13,000 vehicles daily according to the CT DOT. A traffic signal at the Olcott and Spencer Street intersection further enhances visibility and accessibility. The property includes a small 810 square foot retail building and two residential homes, currently occupied by month-to-month tenants. One residential home sits on a 0.23-acre parcel (365 Olcott St.), while the other is located on a 4.87-acre parcel (11 Spencer St.) along with the retail building. An additional 0.45-acre vacant lot (363 Olcott St.) is also included. The property is zoned for General Business, offering excellent potential for diverse commercial or business development. Given the current housing needs in Manchester, the property also presents a viable option for elderly housing, subject to necessary approvals. This prime location offers easy access to Interstates 384 and 84, making it an attractive site for a wide range of commercial ventures. The property is being sold as a single package.

Property Details for 11 Olcott St

Property type
Square Feet
4,063 SF
Year Built
1936
Lot Size (sq. ft)
241,758 SF

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.76836
Longitude
-72.561
11 Olcott St, Manchester, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11 Olcott St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message