100 Tolland TpkeManchester, CT 06042

  • Other commercial real estate
  • 13,300 SF
For Lease
$240/SF/YR View listing

Property Details for 100 Tolland Tpke

Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.18 AC
Property size (Sq ft)
13,300 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
MANC M:087 B:5490 L:100
APU
MANCM087B5490L100

Description

This Class A, two-story office building, totaling 10,908 square feet, offers exceptional office space in a highly visible location on Route 83 in Manchester, Connecticut. Boasting an average daily traffic count exceeding 24,000 vehicles, the property enjoys a strategic position directly across from Kohl's and within the bustling Buckland Hills Mall area. The building features one elevator and comprises five individual suites, with a total of 5,347 square feet currently available. This space is ideal for a variety of office uses, including medical, executive, and traditional office settings. The minimum divisible space is 1,200 square feet, while the maximum contiguous space available is 5,347 square feet, offering flexibility for businesses of various sizes. The building's prime location and ample available space present a unique opportunity for businesses seeking a high-profile presence in a thriving commercial area. The property is categorized as Retail and Office, with the available space situated on the second floor. This presents an excellent opportunity for businesses seeking a prominent and easily accessible location in a high-traffic area. The building's Class A designation reflects its high-quality construction and modern amenities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,232,364
    6.5%
    $2,983,721
    7%
    $2,770,598
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,379,200
    Geo Method
    $4,379,200
  • Alternative Use

    Use
    Valuation
    Residential
    $2,516,880
    Hospitality
    $2,305,449
    Educational
    $1,918,106
    Medical
    $1,984,073
    Retail
    $2,983,721
100 Tolland Tpke, Manchester, Connecticut

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.8132
Longitude
-72.5099
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
$42,055
$147,800
$982,700
$1,130,500
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