Exceptional investment opportunity at 303 Merrow Road, Tolland, CT.
| Website: | https://www.nestseekers.com/4107799 |
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| Address: | 303 Merrow Tolland, CT 06084 |
| Ownership: | Commercial |
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| Type: | Commercial |
| Bathrooms: | 5 |
| Area: | 33778 sq ft |
Financials
Price:$2,499,900
Annual Taxes:$42,193
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.
Amenities
- Central Air
- Elementary School -
- High School -
- Intermediate School -
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Mark Riesbeck of Berkshire Hathaway NE Prop. | |