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 building’s floor plan is highly adaptable to suit various office needs, while 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.
Manchester is located in Massachusetts. Manchester, Massachusetts has a population of 5,327. Manchester is more family-centric than the surrounding county with 41.06% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Manchester, Massachusetts is $193,279. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Manchester is 48 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 49 inches per year, with 43.6 inches of snow per year.
