901-903_Operating_Expenses.pdf

This is an operating expenses document for 901-903 Main Street, a property owned by the Town of Manchester, Connecticut, in connection with a building sale request for proposals. The property is a 2-story, 5,000 square-foot historic building located in Downtown Manchester's Central Business District, currently operating as WORK_SPACE, a town-owned co-working and meeting facility with public art galleries and private offices. The Town is seeking proposals from experienced real estate owners and/or developers to purchase the property and continue its use as a driver of foot traffic and economic activity in downtown, ideally preserving the gallery operation and cultural offerings. The building is situated on a 0.18-acre parcel without dedicated parking, though ample public parking is available nearby. The property is zoned for mixed-use development allowing residential and commercial uses.

The operating expenses document provides utility and maintenance costs for the property across three time periods: November 1, 2025 through December 31, 2025; July 1, 2025 through December 31, 2025; and July 1, 2024 through June 30, 2025. Key expense categories include electricity (ranging from $3,488.86 to $31,228.15), maintenance and custodial services (ranging from $4,115.52 to $28,576.71), preventive maintenance on mechanicals, water and sewer, and natural gas. These operating expense figures provide potential bidders with historical cost data for ongoing property operations and maintenance, essential information for developing realistic financial projections and proposals for the property acquisition.