11 Spencer & 363,365 Olcott Street

Manchester, CT
$ 625,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

This prime location listing is for a total of 5.55 acres in 3 parcels of ~560 ft of frontage on Spencer St and over 13,000 vehicles per day (according to CT DOT), which must be sold as one package. #363 Olcott St. is .45 acre parcel, #365 Olcott St. is .23 acre and has a residential home on site, #11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site. All tenants on month to month leases. See attached info. High traffic area with easy access to Interstate Highways - 384 or 84. There is a traffic signal at this corner - Olcott and Spencer. PLEASE NOTE THE OWNERS ARE WORKING WITH THE tOWN AND THERE IS AGREEMENT TO ABANDON OLCOTT STREET WEST WHICH WILL MAKE ALL 3 PARCELS CONTIGUOUS BRINGING TOTAL ACREAGE TO APPROX. 6 ACRES. Property has excellent potential for commercial or business development due to General Business Zone. There is a need for housing in Manchester and an approval for housing is a possible option.

Land

  • Price
  • $ 625,000
  • Lot Size
  • 5.55 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Manchester
  • Taxes
  • 10003
  • County
  • HARTFORD
  • Style
  • Commercial Land
  • Area
  • MLS#
  • 170298631
  • Zip
  • 06042
Listing Provided by: Borden-Lombardi Realty, LLC
Data Source: GFC CMLS and CTMLS (SmartMLS)

Features

General

Acres 5.5500
Elementary School Per Board of Ed
High School Per Board of Ed
Location Highway Access, Suburban, Shopping Mall, Strip Mall, Other
Neighborhood N/A
Property Type Lots and Land For Sale
Status Active
Sub Type Commercial Land
Tax Year July 2020-June 2021
Utilities Available Electric, Gas, Phone Available, Cable
Virtual Tour https://app.immoviewer.com/landing/unbranded/5ecddafc36cdb01503e6bf90
Virtual Tour Yn Yes
Waterfront Description Not Applicable
Zoning General Business

Exterior Features

Lot Description Level Lot, Sloping Lot, Treed
Lots Number Of 3
Road Frontage Approximate 560
Road Frontage Description Municipal Street, Paved Road
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Storrs, CT office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Per Board Of Ed Elementary School
Middle School Unknown Middle School
High School Per Board Of Ed High School

Price History

5/27/2020 Listed $625,000

Property vs Zip Code Average in 06042

Price
AVG $230K
$630K
Taxes
AVG $3,910
$10,003
Visits
AVG 36
42
Walkscore
AVG 34
52
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

11 Spencer & 363,365 Olcott Street Manchester, CT is a Single Family Home for sale at $625000 and a lot size of 5.55 Acres Acre(s). 11 Spencer & 363,365 Olcott Street Manchester has 0 bedrooms, 0 baths . The property's zip code is 06042 which is in Manchester, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.