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11 Spencer & 363,365 Olcott Street

  • – beds
  • – baths
  • – sqft
  • ~6 acre lot
  • on site

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.

SMART_MLS logo Listing courtesy of SMART_MLS / Borden-Lombardi Realty, LLC

Last checked: Checking… • Last updated Feb 26, 2021 • Source: SMART_MLS

MLS# 170298631 —

Amenities & Taxes

The Property

Flood Zone:
No
Acres:
5.5500
Property Type:
Lots and Land For Sale
Property Sub Type:
Commercial Land
Zoning:
General Business
Lot Description:
Level Lot, Sloping Lot, Treed
Road Frontage:
Municipal Street, Paved Road
Road Frontage:
560

Listing Agent

Contact info:

Taxes

Property Tax:
$10,003
Tax Year:
July 2020-June 2021

The Listing

Yes
Virtual Tour

Utilities

Utilities Available:
Electric, Gas, Phone Available, Cable
Sewage System:
Public Sewer Connected
Water Source:
Public Water Connected

Schools

Elementary School:
Per Board of Ed
High School:
Per Board Of Ed

The Community

HOA:
No
Waterfront Description:
Not Applicable

Schools

Rating Details
3

Verplanck School

  • Public
  • K-5
  • 0.1 mi
4

Manchester High School

  • Public
  • 9-12
  • 2.0 mi
3

Illing Middle School

  • Public
  • 7-8
  • 2.3 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Monthly cost estimate

11 Spencer & 363,365 Olcott Street

Asking price

$625,000

Mortgage Principal & interest
Assumes 20% down, 30 yr.
fixed, good credit

$2,132

Taxes $833
Insurance $171
Utilities N/A
Total $3,136/mo.*
*This is an estimate

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Sale history

Date Event Source Price % Change
5/26/20
Listed / Active SMART_MLS $625,000

Finding records…

No additional history available

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