447 Center StManchester, CT 06040

Property Details for 447 Center St

Year built

1923

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

4,630 SF

Zone code

B2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MANC M:62 B:1020 L:447

APU

MANCM62B1020L447

Description

This exceptional 4,630 square foot office building is situated on a half-acre lot at 447 Center Street in Manchester, Connecticut. Its prime location offers unparalleled convenience, being within walking distance of the Manchester Superior Court and just a quarter-mile from Manchester Memorial Hospital and the new Community Health Resources (CHR) medical offices and multifamily development. This thriving commercial corridor provides high visibility and easy access to a large pool of potential clients and employees. The property benefits from its proximity to interstate highways, ensuring excellent connectivity for commuters and clients. Currently occupied by the established law firm, Beck & Eldergill, P.C., the building is in excellent condition and has been well-maintained and updated. Beck & Eldergill, P.C. provides legal services in personal injury, family law, criminal defense, and employment law, serving clients throughout Hartford, Tolland, and Middlesex Counties, and across Connecticut. This presents a unique opportunity for an owner-user seeking a ready-made professional space or for an investor looking for a stable, income-generating property in a high-demand area. The asking price for this exceptional property is $700,000. The building's strong tenant and strategic location make it an attractive investment with significant potential for future growth and appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,125,252

  6.5%

  $1,038,694

  7%

  $964,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,524,489

  Geo Method

  $1,524,489

• Alternative Use

  Use

  Valuation

  Residential

  $876,177

  Hospitality

  $802,574

  Educational

  $667,732

  Medical

  $690,696

  Retail

  $1,038,694

Location Insight

City

Manchester

County

Hartford

State

Connecticut

Latitude

41.7733

Longitude

-72.5389

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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