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$ 2,197,000
Est. payment /mo
Active
76 Summer Street #4 Manchester, MA 01966
4 Beds
4 Baths
10,644 SqFt
UPDATED:
12/12/2024 08:05 AM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 10,644 sqft
Price per Sqft $206
MLS Listing ID 73318441
Bedrooms 4
Full Baths 4
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 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. Renderings are of a proposed luxury condominium development which is subject to town approval.
Location
State MA
County Essex
Zoning G
Direction SUMMER STREET
Rooms
Basement Y
Interior
Heating Heat Pump
Cooling Central Air
Exterior
Garage Spaces 1.0
Community Features Public Transportation, Shopping, Highway Access, Marina, Public School
Waterfront Description Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 19
Garage Yes
Building
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Churchill Properties
Our Team
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