330 Main St
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330 Main St
46,000 SF 100% Leased Office Building Manchester, CT 06040 $2,900,000 ($63/SF) 7.94% Cap Rate
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
$2,900,000
Price Per SF
$63
Cap Rate
7.94%
NOI
$230,350
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
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
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | MANC-000077-003760-000330 | Improvements Assessment | $310,700 |
| Land Assessment | $167,400 | Total Assessment | $478,100 |
PROPERTY TAXES
Parcel Number
MANC-000077-003760-000330
Land Assessment
$167,400
Improvements Assessment
$310,700
Total Assessment
$478,100
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330 Main St
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