35 Oakland St, Manchester, CT 06042
- $1,450,000
- 1
- BA
- 27,548
- SqFt
- List Price
- $1,450,000
- Status
- ACTIVE
- MLS#
- 24188027
- Year Built
- 1888
- Bathrooms
- 1
- Acres
- 1.57
- Living Area
- 27,548
- Neighborhood
- N/A
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 Information
- Taxes
- $11,615
- Lot Size
- 68,389
- Heating
- Hot Air
- Cooling System Type
- None
- Water Source
- Public
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Listing courtesy of Natalie Zoef from Vanguard Private Client Grp. (860) 882-8784 (203) 887-2553
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