62-68 & 70 Merrow Drive Tolland, CT $ 4,800,000
62-68 & 70 Merrow Drive
$ 4,800,000
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62-68 & 70 Merrow Drive

Tolland, CT, 06084
$ 4,800,000
Baths0.0 Sq 26,173

Monthly Estimate*

$ 31,902

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Studio

Commercial Property for sale in Tolland, CT

for $4,800,000. This 26,173 square foot building was built in 1964.

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.

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Commercial Active

Price

$ 4,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial For Sale

Year Built

1964

Town/City

Tolland

MLS | Web ID

24015802

Features
General
Exterior Features Doors - 10-15 ft Awnings Gutters Lighting Outside Storage Area Pole Sign Door Sign
Zoning COM
Exclusions Businesses not included
Year Built 1964
Neighborhood N/A
Heater Type Zoned
County Tolland
Present Use Restaurants Cafe Residential Auto Parts Liquor Store
Tax Year July 2023-June 2024
Location Highway Access Strip Mall Retail Corridor
Property Type Commercial For Sale
Status Active
Directions I-84 east exit 70 take left
City Tolland
Street Name Merrow
Sq Ft Total 26173
DOM 31
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Interior
Cooling System Central Air Zoned
Utilities Available Electric Phone Available
Total Number of Units 9
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Exterior
Water Source Public Water Connected
Garage Parking Paved Off Street Parking
Lot Description Additional Land Avail. Dry Cleared
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* Excluded Features
List By
Robert Rosa

Listing Agent

Berkshire Hathaway Ne Prop.

Broker

robrosa@bhhsne.com

Email

Affordability Calculator

$31,902
Per Month
100%
0%
0%
Monthly Principal & Interest
$31,902
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
899581 Elementary School
895635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$4,800,000 Listed Price

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62-68 & 70 Merrow Drive, Tolland, CT, 06084 is a Commercial Property for sale at $4,800,000 with 26,173 sqft. 62-68 & 70 Merrow Drive is a studio with 0.0 baths and was built in 1964. The property's zip code is 06084 which is in Tolland, CT