Woodbridge Mill - Senior Apartment Conversion

501 Middle Tpke East Manchester, CT 06040

501 Middle Tpke East, Manchester, CT, 06040
501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040 501 Middle Tpke East, Manchester, CT, 06040
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$495,000
Last Verified:
Feb 03, 2025

Daily Email Blast
0 times


Highlights

  • Property being sold below appraised value of $650K
  • Approved for 24 apartments & 2 store fronts
  • 15 one bedroom units & 9 two bedroom units
  • State Register of Historic Places
  • State and Federal Tax Credits Eligible
  • Great Value-Add Property
  • Original Brick Exterior
  • Vaulted Ceilings
  • Great Window Line
  • Clean Environmental Report
  • Detailed Site Design Approval Plan
  • Mill Building

Description

The historic Woodbridge Mill building is a turn-of-the-century factory building totaling 33,948 SF and situated on 1.03 acres. Originally built as an expansion location for the Glastonbury Knitting Company, this storied property is located at the 3-way junction of Middle East Tpke, East Center Street and Woodbridge Street. The property has approvals pending to be converted into 24 apartments and 2 store fronts allows for historic tax. Architectural plans are available.

Manchester, Connecticut is a town of just over 55,000 residents making it Connecticutā€™s 15th most populous town. Manchester has many shopping centers with big-box stores, small businesses, and restaurants as well as the Buckland Hills Mall. Manchester is easily accessible as it is right off of Interstate-84, I-384, and I-291.


Year Built: 1901
Building Size: 33948sq ft
Lot Size: 1.03 acres


Documents

Brochure

Map of 501 Middle Tpke East, Manchester, CT, 06040

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
BESbswy