Woodbridge Mill

For Sale

501 Middle Tpke East, Manchester, CT 06040

This Manchester property for sale is located at 501 Middle Tpke East. The current listed sale price for Woodbridge Mill is $625,000. Woodbridge Mill is situated on a lot that is 1.03 acre in size.

Contacts

broker
Carl Berman CCIM, MICP

Elite Commercial Real Estate Services

Property Details

  • Property Type Multi-Family
  • Property Size 33,948 SF
  • Units 25
  • Lot Size 1.03 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 31
  • Parking Ratio 1.00 / 1,000 SF
  • Year Built 1901
  • Year Renovated 2018
  • Date Updated Jan 13, 2025
Manchester, Connecticut is a town of just over 55,000 residents making it Connecticut’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.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 in place to be converted into 25 senior apartments (age of 55+, owners believe approvals could be had with no age restrictions), allows for historic tax credits (both statewide and federal), and has a projected NOI of $370,000+/- per year. Architectural plans are already in the work and would allow for a great unit mix of 16 one bedroom apartments, and 9 two bedroom apartments.
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Highlights

  • Approved for 25 apartments
  • Senior Housing (Owners believe approvals could be had with no age restrictions)
  • 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

Getting around

  • 51/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Manchester, CT
  • Zip Code 06040
  • Market Bridgeport New Haven

Points of Interest

  • Cumberland Farms

    1.21 miles

  • Mobil

    1.77 miles

  • Xtra Fuels

    1.89 miles

  • Best Gas

    1.99 miles

  • Laxmi Sunoco

    2.02 miles

  • Shell

    2.08 miles

  • BJ’s Gas

    2.52 miles

  • Gulf

    2.62 miles

  • Irving Gas Station

    2.64 miles

  • Shell Gas Station

    2.80 miles

  • Risley Reservoir parking

    1.89 miles

  • Ribbon Mill Visitors

    1.98 miles

  • Ribbon Mill Residents

    2.07 miles

  • Connecticut Park and Ride

    2.27 miles

  • Carts

    4.04 miles

  • Wapping Park parking

    4.12 miles

  • Charles Cheney Inn

    1.93 miles

  • Baymont Inn and Suites of Manchester

    1.95 miles

  • Best Stay Inn

    2.09 miles

  • Courtyard Hartford Manchester

    2.50 miles

  • Residence Inn Hartford Manchester

    2.53 miles

  • Holliday Inn Express

    2.73 miles

  • Fairfield Inn & Suites Hartford Manchester

    2.80 miles

  • Homewood Suites

    2.86 miles

  • Red Roof Inn

    3.18 miles

  • Hampton

    3.61 miles

  • Highland Park Market

    1.39 miles

  • Coventry Farms

    1.47 miles

  • Big Y

    1.86 miles

  • Stop & Shop

    2.00 miles

  • Kohl's

    2.08 miles

  • Marshalls

    2.32 miles

  • Walmart Supercenter

    2.48 miles

  • Macy's

    2.66 miles

  • JCPenney

    2.77 miles

  • Buckland Hills Mall

    2.80 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Carl Berman CCIM, MICP

Elite Commercial Real Estate Services