40
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$2,197,000
Est. payment /mo
10,644 SqFt
Active
76 Summer Street Manchester, MA 01944
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UPDATED:
12/10/2024 08:05 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,644 sqft
Price per Sqft $206
MLS Listing ID 73318245
HOA Y/N false
Year Built 1900
Annual Tax Amount $11,135
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Property Description
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.
Location
State MA
County Essex
Zoning G
Direction SUMMER STREET JUST OUTSIDE OF DOWNTOWN
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Shingle
Total Parking Spaces 19
Others
Senior Community false
Listed by Churchill Properties