171 Spencer StManchester, CT 06040

  • Other commercial real estate
  • 2.15 AC
For Lease
$13.81/SF/YR View listing

Property Details for 171 Spencer St

Lot size
2.15 AC
Zone code
B3
Property type
Other commercial real estate
APN
MANC M:19 B:5190 L:171
APU
MANCM19B5190L171

Description

This exceptional retail property, located at 171 Spencer Street in Manchester, Connecticut, offers a prime opportunity for businesses seeking high-visibility space. The single-story building, constructed in 1987, boasts a total of 15,120 square feet, divided into six suites. Currently, a significant 5,214 square feet of retail space is available for lease, representing a substantial portion of the building. This contiguous space provides flexibility for a variety of uses, from retail to office or flex space. The minimum divisible space is also 5,214 square feet, making it ideal for a single large tenant. The property sits on a generous 2.15-acre lot, providing ample parking and visibility. The building features 200-amp power, but lacks elevators. Located in Hartford County, this Manchester property benefits from excellent access to major transportation routes and a strong local customer base. The address is 171 Spencer St, Manchester, CT 06040. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's size and location make it an attractive option for businesses seeking to establish or expand their presence in the Manchester market. The available space is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $17,723,000
    Hospitality
    $16,234,173
    Educational
    $13,506,641
    Medical
    $13,971,155
    Retail
    $21,010,330
171 Spencer St, Manchester, Connecticut

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.7676
Longitude
-72.568
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,289
$325,100
$811,700
$1,136,800
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-
-
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