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    303 Merrow Rd Tolland, CT 06084

    Sponsored
    For Sale
    $2,799,900

    Prime Tolland location, high development potential.

    Property size:
    33,778 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 33,778-square-foot commercial property at 303 Merrow Road, Tolland, CT, presents a unique investment opportunity. Situated on a 15.32-acre lot, this Class B office space is ideally positioned for conversion into a self-storage facility, following recently approved zoning amendments. The property boasts a highly desirable location, just off Route 195, one mile from I-84, and 5.5 miles from the University of Connecticut Storrs campus, ensuring convenient access for a broad customer base encompassing residents, businesses, and students. The newly approved zoning allows for a variety of uses beyond self-storage, including retail, personal and professional services, hospitality, and mixed-use development, offering significant flexibility and future potential. A comprehensive Pre-Development Self-Storage Site & Market Feasibility Study, conducted by Self Storage 101, provides a detailed analysis of the self-storage conversion opportunity. This study proposes a strategic mix of drive-up, non-climate-controlled units on the open land, and climate-controlled, interior-access units within the existing building. Further details and recommendations are available in the provided owner's manual. This property offers a compelling combination of location, zoning flexibility, and development potential, making it an attractive investment prospect in a thriving market. The asking price is $2,799,900.

    Property Features for 303 Merrow Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    33,778 SF
    Lot Size
    667,339 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    The CNA Preparatory School, ... Nursing School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tolland
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.34351
    Latitude
    41.85774

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Tolland location, high development potential.
    Where is this commercial real estate located?
    The property is located at 303 Merrow Rd Tolland, CT.
    What is the asking price?
    The asking price for this property is $2,799,900.
    (860) 648-2045
    Request Owner's contact information
    303 Merrow Rd Tolland, CT 06084
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    Tolland, CT 06084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 Merrow Rd Tolland, CT 06084
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