$2,799,900

303 Merrow Road, Tolland, CT 06084

  • 5 baths |
  • 33,778 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1987
  • Property Lot Size Icon15.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 6 months ago

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.

Listing Status:
Active
Date Added:
January 21, 2025 at 07:41PM
Listing Office:
Berkshire Hathaway NE Prop. : (860) 648-2045
Listing Agent:
Mark Riesbeck : (860) 874-6629
MLS ID:
24069977
  • A/C: Central Air
  • Heating: Hot AirPropane

This listing courtesy of Mark Riesbeck, Berkshire Hathaway NE Prop.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Birch Grove Primary School

247 Rhodes Rd, Tolland, CT, 06084

Grades PK-2

0.56 miles away

T

Tolland Middle School

1 Falcon Way, Tolland, CT, 06084

Grades 6-8

1.01 miles away

T

Tolland High School

1 Eagle Hill Dr, Tolland, CT, 06084

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.