867 Main St - Storefront Retail/Office FOR SALE


Manchester, CT 06040- East Side
$4,200,000 USD
860-836-1200
867 Main St, Manchester, CT for Sale
$4,200,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | 8.62% Cap Rate

867 Main St
Manchester, CT 06040
East Side


HIGHLIGHTS

  • Fully Gut Renovated 2025-2011
  • Fully Occupied
  • Ground Floor Retail
  • Professional Office Suites leased as Suite or by room with 1 year min leases
  • Adjacent to Municipal Parking. $16 per month parking
  • 12 Gut Renovated Apartments, Two Stores, 11,500 SF long term tenant Adult Day Care

OVERVIEW

Dowling on Main offers an opportunity to enter the Manchester, CT market with a fully gut renovated downtown property (renovated in three phases, 2005-2011) offering 12 apartment units; +/-3850 Net Rentable sf of ground floor retail space in two spaces, ground floor office space of +/-7,964 Net Rentable sf multi tenant office space, a +/-11,500 SF Adult Daycare and +/-4,500 Net Rentable Flex Storage space. The total Net Rentable +/—35,934 SF with a Gross area of +/-42,500 SF Originally constructed in 1897 as the Orford Hotel and later converted into Marlow’s Department Store, 867 Main Street has played a key role in the history of Manchester. This stately fixture in the center of Downtown Manchester is surrounded by similarly aged properties within this historic town center. It is convenient to shopping, restaurants, art galleries and entertainment all within the center of town. Highway access to I-384 is just at the end of the bock with connection to I-84 and downtown Hartford just 9 miles away. With consistently high occupancy, Dowling on Main maintains an impressive occupancy range with the residential units typically at 100% occupancy; retail space is 100% occupied and the offices are consistently between 95% to 100% occupied. The property location taken together with its proximity to a 10 mile radius population of over 409,000 people and many of the States largest employers, makes Dowling on Main not only a convenient place to live and locate your office, but also an outstanding turnkey investment opportunity with continued upside growth.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

8.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CBD

APN/PARCEL ID

MANC-000079-003760-000867

ASK ABOUT THIS PROPERTY

Rick ChozickChozick Realty Inc.More Info
860-836-1200

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Rick ChozickChozick Realty Inc.More Info
860-836-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.