Price Reduced 27.27%

$3,490,900

Est. Mortgage $17,652/mo *

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Price History

$4,800,000
5/6/2024

$4,500,000
7/17/2024

$3,999,900
9/25/2024

$3,490,900
10/17/2024

62-68 & 70 Merrow Drive, Tolland, CT, 06084

62-68 & 70 Merrow Drive, Tolland, CT, 06084
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1964

26,173 sqft

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.

Status:

Active

Type:

Commercial

Units:

9

Zoning:

COM

Frontage:

State Road

Garage:

Paved, Off Street Parking

Heating:

Zoned

Cooling:

Central Air, Zoned

Parking:

50-car

Est. Taxes:

$56,383

Assessment

$1,510,400

Current Use

Restaurants, Cafe, Residential, Auto Parts, Liquor Store

Utilities

Electric,Phone Available

Lot Description:

Additional Land Avail.,Dry,Cleared

Days on Market:

182

MLS #:

24015802

Community Info

School Info

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Listing courtesy of Robert Rosa, Berkshire Hathaway NE Prop. Email: robrosa@bhhsne.com