Active
62-68 & 70 Merrow Drive
Tolland CT, 06084
$4,500,000
$171.93 per sqft
Active
26,173 sqft
Commercial
Built in 1964
Located directly off Interstate 84, this exceptional commercial property in Tolland, CT, offers strategic positioning with direct access from both ongoing and exit ramps. Situated just across from a commuter lot and popular eateries such as Dunkin Donuts, this site guarantees high visibility and traffic, making it a prime location for any business. The property features two well-maintained buildings on a generous plot of over 4.5 acres, with three parcels sold together, opening up considerable opportunities for expansion or redevelopment. Currently, the site hosts a variety of tenants including Subway, NAPA Auto Parts, a liquor store, a pizza restaurant, a cafe, and two residential apartments, ensuring a diverse and steady rental income. This would include Electric Blue. Key amenities include more than 50 existing parking spaces with ample room for expansion, central air conditioning in both buildings, tenants independently managing utilities with options for propane gas or oil heating, and connection to public water and sewer systems. Additionally, over 2,550 sq ft of lower-level space is available for development, offering potential for additional income. Located near the University of Connecticut and various shopping destinations, this property not only benefits from its current tenancy and features but also from its potential for further development, making it ideal for investors and developers seeking a property with significant growth prospects.
24015802
MLSⓇ ID
May 7, 2024
Listed
August 23, 2024
Updated
Map
62-68 & 70 Merrow Drive
Tolland CT, 06084
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Zoned
Heating
Yes
Heating Description
Zoned
Exterior/Building Features
Exterior Features
Storage
Lot Features
Cleared
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$56,383
Tax Frequency
Annually
Days on Market
104
Garage
No
Parking
Off Street
Parking Total
50
View
No
County
Tolland
Water Source
Public
Pool
No
Zoning
COM
Listing History
Date | Event | Price |
---|---|---|
7/18/2024 | Price change | $4,500,000 -7% |
Listed by Robert Rosa with Berkshire Hathaway NE Prop.
Listing Contact: 8605582122
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Data last updated on 8/23/2024 at 11:32 AM UTC