For Sale
$2,230,000

160 Chapel RdManchester, CT 06042

Prime Manchester location, 21,940 SF, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional three-story office building, located at 160 Chapel Road in Manchester, Connecticut, presents a rare opportunity to acquire a fully occupied investment property. Boasting 21,940 square feet of space, this Class B building offers a blend of executive and traditional office suites, catering to a diverse tenant base. Constructed in 1986 and extensively renovated in 2019, the property is in excellent condition and benefits from a desirable park-like setting. The building sits on a generous 5.09-acre lot and features a finished basement, adding to its overall functionality. Currently operating under a gross lease structure with multiple tenants, the property enjoys 100% occupancy, providing immediate and substantial cash flow. Its strategic location offers easy access to major transportation arteries, including I-291 and I-84, as well as the convenience of nearby Buckland Mall. The asking price is $2,230,000, translating to a price per square foot of $101.64. This represents a compelling investment opportunity in a thriving Connecticut market. The property's strong occupancy rate, recent renovations, and prime location make it an attractive asset for discerning investors seeking stable income and long-term appreciation potential.

Highlights

  • Rarely available, fully occupied office building.
  • Modern, well-located asset with strong, in-place cash flow from stable tenants.

Property Details for 160 Chapel Rd

Property type
Office properties
Square Feet
21,940 SF
Class
B
Year Built/Renovated
1986/2019
Stories
3
Lot Size (sq. ft)
221,720 SF

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.7967284
Longitude
-72.5745042
160 Chapel Rd, Manchester, Connecticut

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160 Chapel Rd
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