Manchester, MA Commercial Real Estate for Sale and Lease

Located in Essex County, Massachusetts, this town of 5,136 has 9.2 square miles of land and 9.0 square miles of water, making it a draw for visitors who love to relax near the coastline. For investors, the area offers numerous possibilities for seasonally-driven retail and hospitality projects, as well as scenic spaces for office development or other business ventures. Located only 24 miles from Boston, this area is likely to become a hotspot for new development as the growth of the metropolis increases the value of the region.

Click Here to View Today's

Commercial Property List

Unsurprisingly, the majority of green spaces and recreation areas are concentrated among the seven beaches and islands that lie just offshore, including House Island and Kettle Island. The “singing beach” is so named for the sounds the sand makes when walked upon, which makes it a popular tourist attraction. Inland, the Coolidge Reservation, Owl’s Nest Nature Preservation Land, the Wyman Hill Conservation Area, the Cheever Commons Conservation Area, and the Cedar Swamp Conservation Area offer residents and visitors an opportunity to enjoy unspoiled nature. The area also has a harbor known as Manchester Harbor.

The region is easily accessed by car via Route 127 and Route 128. The MBTA Commuter Rail line has a stop in the city via the Newburyport/Rockport Line. There is no bus service directly in town, although the neighboring cities of Beverly and Gloucester have service provided by the MBTA Bus.

Commercial lots of undeveloped land here occasionally come to market, although they are rare. Investors will find the majority of listings in this area to be for properties that can be leased at competitive prices.

Office Space Market

With its famous scenery and relatively low urban density, the market for office spaces in this area tends to be located in structures surrounded by acres of landscaping, although many of the properties are still relatively easy to access via public transit. The property at 13 Elm Street, which was initially built in 1977, is located off Route 127 near the Powder House Hill Reservation, only 0.4 miles from the MBTA Commuter Rail line. The exterior of this 10,066 square foot structure resembles a single-family home, with two stories, a front entryway with a clapboard overhang, and a gabled roof with block windows looking out on the garden path below. The refurbished interiors include a bright galley kitchen with a large window, as well as built-in shelving and furniture, including corner desks that hug the walls. The hallways feature carpet and wood-framed doors with enormous glass panels to each individual office, allowing in a substantial amount of natural light and ventilation. All of the appliances are new and cleaned on a regular basis. The estimated rent for this property is $3.37 to $5.67 per square foot per month.

The property at 40 Beach Street is a large, professional office complex with an onsite parking lot. The structure features multiple floors with a row of skylights on the roof, providing beautiful light throughout the year to the individual office suites. With 24,000 total square feet, the complex has numerous suites available for lease, ranging in size from 650 square feet to 1,100 square feet. Built in 1984, the building overlooks the water, and is surrounded by meticulously maintained foliage. It is also only 0.1 miles from the MBTA Commuter Rail line. The ground floor features block display windows perfect for a retail space, as well as a canopied entryway that provides cover from the weather during the winter and spring months. An enormous central atrium first greets visitors when they enter the building; the office suites are arranged around this space. The estimated rent for this space ranges from $2.73 to $2.92 a square foot per month.

Retail Space Market

Most of the office space in this town is clustered around the harbor, although some complexes exist farther inland, offering larger parking lots. The property at 38 Union Street is located off Route 127 next to the harbor, and features a red clapboard exterior with detailed, mullioned storefront windows that recall historical boutiques. The entryway features two elegant white columns on either side of the black door. A seperate entrance for the second floor exists on the right side of the building. Two brick chimneys sprout from the shaker tiled roof, and large businesses exist on either side of the two-story structure. With a total leasable area of 1,458 square feet, the building offers a lovely space for a small retail business. The first floor, which has 784 square feet and includes a bathroom and kitchenette, was recently available for lease. The estimated rent for this space is $3.19 per square foot per month.

The property at 26 Central Street, which was built in 1940, also recently listed a general retail space for lease. Located in downtown close to the harbor, this two story property features a wooden construction with exterior balconies and great access to nearby businesses and restaurants. The 700 square foot space had an estimated rent of $3.14 per square foot per month. Just down the street at 11 Central Street, a 5,743 square foot multi-story property also has a space for lease. Built in 1900, this refurbished three story historic structure has excellent access to public transit and the vibrant downtown bustle. The estimated rent for this property is $0.49 per square foot per month.

Click Here to View Today's

Commercial Property List