35 Oakland Street, Manchester, CT 06042
35 Oakland Street, Manchester, CT 06042
35 Oakland Street, Manchester, CT 06042
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$1,450,000
Est. payment /mo
1 Bath
27,548 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 27,548 sqft

Price per Sqft $52

MLS Listing ID 24188027

Full Baths 1

Year Built 1888

Annual Tax Amount $11,615

Lot Size 1.570 Acres

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.

Location

State CT

County Hartford

Zoning GB

Interior

Heating Hot Air

Cooling None

Exterior

Utilities Available Electric

Roof Type Not Applicable

Building

Lot Description Level Lot

Story 4

Sewer Public Sewer Connected

Water Public Water Connected


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Listed by Natalie Zoef • Vanguard Private Client Grp
Nearby Locations

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Haniff Baksh
Haniff Baksh

Broker | License ID: 10311202741

+1(718) 324-6060

4627 White Plains Rd, Bronx, NY, 10470-1612, USA

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35 Oakland Street