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$2,799,900
Est. payment /mo
5 Baths
33,778 SqFt
UPDATED:
01/21/2025 11:41 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 33,778 sqft
Price per Sqft $82
MLS Listing ID 24069977
Full Baths 1
Half Baths 4
Year Built 1987
Annual Tax Amount $66,147
Lot Size 15.320 Acres
Property Description
Exceptional investment opportunity at 303 Merrow Road, Tolland, CT. This 34,000-square-foot Class B office space is newly primed for conversion into a self-storage facility, thanks to recently approved zoning amendments and a strong market outlook. With the groundwork already in place, this property represents a unique opportunity to capitalize on the growing demand for self-storage in the Tolland area. Property Overview * Location: Strategically located just off Route 195, the property is only 1 mile from I-84 and 5.5 miles from the UConn Storrs campus. This highly accessible location connects to a wide customer base, including residents, businesses, and schools. * Zoning Flexibility: Newly approved zoning opens up a range of potential uses, making this property highly versatile. Options include self-storage, retail, personal and professional services, hospitality, mixed-use development, and more. * Development Potential: A Pre-Development Self-Storage Site & Market Feasibility Study conducted by Self Storage 101 has provided a detailed analysis of this opportunity. The study proposes a combination of drive-up, non-climate-controlled units on the open land and climate-controlled, interior-access units within the existing building. The included OM provides further information on these findings and recommendations.
Location
State CT
County Tolland
Zoning NCZ
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Telephone, Cable
Roof Type Membrane
Building
Lot Description Sloping Lot
Sewer Public Sewer In Street, Septic
Water Public Water Connected
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Listed by Mark Riesbeck • Berkshire Hathaway NE Prop.
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