330 Main St
Manchester, CT 06040

Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Directly next to Manchester Memorial Hospital.
  • Right off highway I-384.

EXECUTIVE SUMMARY

Be a part of Manchester's revitalization plan and seek opportunities to transform these solid buildings. Being adjacent to Manchester Hospital is a main benefit, as there is a need for additional housing, hotel, wellness space, restaurants, brewery and more! Two buildings (see the OM) with 64 parking spaces. Perfect 1031X with great upside potential.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
46,000 SF
Building Class
B
Year Built/Renovated
1927/2020
Price
£2,236,799
Price Per SF
£48.63
Net Initial Yield
7.94%
NOI
£177,671
Percent Leased
97%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
11,500 SF
Building FAR
0.66
Lot Size
1.60 AC
Zoning
B3 - See the Town of Manchester's 2023 development plan!
Parking
64 Spaces (1.39 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Central Heating
  • High Ceilings
  • Reception

PROPERTY TAXES

Parcel Number MANC-000077-003760-000330 Improvements Assessment £240,759
Land Assessment £129,717 Total Assessment £370,477

Map of 330 Main St Manchester, CT 06040

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