172 Middle Turnpike West, Manchester, (West Side), CT, 06040
3 beds
2 Full / 2 Half baths
1900
1,600 sqft
Investment opportunity ! We are pleased to present two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. This strategic advantage contributes to the high level of foot traffic and adds to the overall appeal of the investment. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised od (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail Store and (1) Commercial Shop (HVAC Contractor) Property also listed as MLS 24044312
Status:
Under Contract
Town:
Manchester
Type:
Commercial
Units:
2
Zoning:
B2
Frontage:
State Road,Municipal Street
Garage:
Paved, Off Street Parking
Heating:
Baseboard, Radiator, Other
Cooling:
Window Unit
Parking:
12-car
Acreage:
0.18
Est. Taxes:
$5,419
Assessment
$140,100
Current Use
Residential, Retail & Commercial
Permitted Use
Residential, Retail & Commercial
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
Corner Lot,Level Lot
Days on Market:
14
MLS #:
24041966
Buyer Broker Compensation:
2.5%
Buyer Broker Compensation is for display purposes only and must be confirmed in writing directly from Listing Broker