$2,197,000 ($206.41 per sqft)

Est. Mortgage $11,254/mo *

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76 Summer Street, #4, Manchester, MA, 01966

76 Summer Street, #4, Manchester, MA, 01966
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23 rooms

4 beds

4 Full baths

1900

10,644 sqft

This is a rare offering of an office building, situated on 16,200 sf with more than 19 parking spaces, located just 2/10 of a mile from the town center and the commuter rail. The property provides many potential investment opportunities including, subject to town approval, multiple luxury condominiums, an apartment building for short or long-term rentals, or remaining as is. Architectural plans and renderings for potential luxury condominiums have been produced and are available. In its current use, the owner estimates future annual total rents of $156,000. The large unfinished lower level provides substantial space to lease for storage, shipping, or workshops. With the potential for both immediate income and redevelopment this is an outstanding opportunity for investors and developers to capitalize on a prime location in Manchester. Renderings are of a proposed luxury condominium development which is subject to town approval.

Status:

Active

Type:

Condo

Units:

8

Zoning:

G

Garage:

1-car

Heating:

Heat Pump

Cooling:

Central Air

Basement:

Y

Levels:

3

Parking:

19-car

Acreage:

0.37

Est. Taxes:

$11,135

Assessment

$1,190,900

Construction

Frame

Amenities:

Public Transportation, Shopping, Highway Access, Marina, Public School

MLS #:

73318441

Compensation Based On:

Net Sale Price

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Karen Bernier, Churchill Properties Phone: 978-515-7031