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 

The IDX display contains information sourced from the  Smart MLS, Inc as of 8/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024  Smart MLS, Inc all rights reserved.

Data last updated on 8/23/2024 at 11:32 AM UTC

Powered byLuxury Presence