62-68 & 70 Merrow
Tolland, CT 06084

Property

Ownership: Commercial
Type: Commercial
Area: 26173 sq ft

Financials

Price: $4,800,000
Annual Taxes: $56,383
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Robert Rosa of Berkshire Hathaway NE Prop.

Description

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. Key amenities include more than 50 existing parking spaces with ample room for expansion, many updates made since its original construction in 1963, 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.

Amenities

  • Awnings
  • Central Air
  • Doors - 10-15 ft
  • Door Sign
  • Elementary School -
  • Gutters
  • High School -
  • Intermediate School -
  • Lighting
  • Outside Storage Area
  • Pole Sign
  • Zoned

Neighborhood

More listings:

Located directly off Interstate 84, this exceptional commercial property in Tolland, CT, offers strategic positioning with direct access from both ongoing and exit ramps.


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