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20867480
20867481

169 Redstone Rd, Manchester, CT 06042

BM
CT REB.0795438
SM Real Estate Advisors
Listed by SM Real Estate Advisors
$700,000
553 days on market
Updated 76 days ago

Approved - 27 Residential Condo or Apartment Units

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 27,004
Units 27
Broker Co-Op Yes
Year Built TBD
Buildings 2
Stories 2
Acreage 2.790
Zoning PRD
Investment Type Value Add

Approved 27 Unit Condo or Apartment Development - Manchester CT

Marketing description

2.79 Acres Available for Sale in Manchester, CT

Prime opportunity to develop a level lot directly adjacent to I-84 off Exit 62, in Manchester CT. This property is approved for residential development with zoning classified as PRD (Planned Residential Development).

Key Highlights:

  • Approved Development: 27 residential condominium or apartment units.

  • Utilities: All major utilities available:

    • Water: Town of Manchester

    • Gas: Connecticut Natural Gas

    • Electric: Eversource

    • Sewer: Manchester Eighth Utilities District

Location Features:

  • Exceptional highway access, nearby Buckland Hills Mall, restaurants, and entertainment.

  • Situated on a low-traffic road for added privacy, yet proximate to major amenities.

  • Nestled in a thriving area that continues to support luxury developments like Vintage at the Grove, a proven multifamily success story.

Unit Summary:

The proposed development includes 27 residential units, thoughtfully designed to maximize living space and appeal to a range of renters or buyers.

  • 2-Bedroom / 2-Bathroom Units:

    • 1,221 SF (7 units, 25.9% of total)

    • 1,249 SF (6 units, 22.2% of total)

    • Total Living Area: 16,035 SF

  • 1-Bedroom / 1-Bathroom Units:

    • 797 SF (7 units, 25.9% of total)

    • 770 SF (7 units, 25.9% of total)

    • Total Living Area: 10,969 SF

Total Living Area Across All Units:

27,004 SF

  • Average Unit Size: 1,000 SF

This unit mix is ideal for catering to diverse preferences, from families seeking spacious two-bedroom layouts to individuals and couples opting for comfortable one-bedroom units. Perfectly suited for Manchester's growing demand for quality housing.

Investment highlights

Market Potential:

  • Comparable luxury condominium units valued at $300,000+.

  • Emerging market trends suggest even stronger pricing for newly introduced units.

Whether you envision high-end condominiums or upscale apartments, this location is perfectly positioned for success.

Listing Contacts

BM
CT REB.0795438
SM Real Estate Advisors
Listed by SM Real Estate Advisors

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Additional Information

Name
Brendon Mansaku
License
REB.0795438
Brokerage
SM Real Estate Advisors
Title
Head Broker
Brokerage Address
43 Crouch Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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