2 Main StManchester, CT 06042

Property Details for 2 Main St

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

8,070 SF

Zone code

B3

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MANC M:74 B:3760 L:2

APU

MANCM74B3760L2

Description

This exceptional 8,070 square foot retail storefront, situated at 2 Main Street in Manchester, Connecticut, presents a compelling investment opportunity. Located on a 0.56-acre lot, this single-story building boasts convenient access to I-84, ensuring high visibility and accessibility for customers. Built in 1969, the property is zoned General Business (GB), offering flexibility for a variety of retail uses. The building features two 8' x 8' overhead doors – one dock-level and one drive-in – providing ample loading and unloading capabilities. Adding to its potential, a 2,200 square foot rental unit is currently leased on a month-to-month basis, generating immediate income. The property's prime location near Manchester's Central Business District further enhances its value and potential for growth. This is a rare opportunity to acquire a substantial retail space with excellent access, ample parking, and strong income potential in a thriving Connecticut market. The asking price is $895,000. This property is ready for immediate occupancy and offers significant upside for the discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,961,292

  6.5%

  $1,810,423

  7%

  $1,681,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,657,154

  Geo Method

  $2,657,154

• Alternative Use

  Use

  Valuation

  Residential

  $1,527,160

  Hospitality

  $1,398,870

  Educational

  $1,163,843

  Medical

  $1,203,870

  Retail

  $1,810,423

Location Insight

City

Manchester

County

Hartford

State

Connecticut

Latitude

41.7938

Longitude

-72.5254

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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