commercial
35 Oakland Street
Manchester, Connecticut 6042
Price
$1,450,000
Price/SF
$52.64/SF
Building Size
27,548 SF
Lot Size
1.57 acres
Year Built
1888
Units
1
Property Description
Exceptional adaptive reuse opportunity with all major approvals already in place. This property comes fully approved for the conversion into 26 residential units, consisting of 22 - one bedroom apartments and 4 - two bedroom apartments. Architectural, MEP, and all necessary site approvals have been secured, allowing a developer to begin construction immediately. The building has already undergone interior demolition, significantly reducing upfront time and costs. Adding to the value, Phase I and Phase II Historic Tax Credit approvals have been obtained, creating the potential for substantial financial incentives for qualified buyers. The property is ideally situated with ample on site parking, convenient access to shopping, restaurants, and major transportation routes. This is a rare, shovel ready development opportunity with approvals in place, valuable historic tax credit eligibility, and tremendous upside in a growing market.
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Additional Details
Zoning
GB
MLS Number
24188027
Property ID
6b7df0d4-ed4d-45d4-8955-f0cf3fefa345
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MLS Information
MLS#: 24188027
Listed by: Vanguard Private Client Grp
Agent: Natalie Zoef • (860) 882-8784 • n.zoef@vanguardpcg.com
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