Storrs Mixed-Use Development
For Sale
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1659 Storrs Rd, Mansfield, CT 06268
9.01-acre mixed-use development opportunity near UConn's flagship campus.
Property Size361,536 SF
Lot Size9.01 Acres
Days on Market217
Property Features for 1659 Storrs Rd
General Information
Standard status
Active
Size
361,536 SF
Class
A
Lot size
9.01 Acres
Property subtype
Retail, Multifamily, Mixed Use, Land
Zoning
PB3
Occupancy
100%
Lease Type
NNN
Investment Type
Redevelopment
Net Operating Income
$305,367
Building Details
Tenancy
Multi
Listing Agency:
EXP Commercial
(860) 909-0963
Listed By:
Howie Coro · License #REB.0795295
Source:
Crexi
Added: Jan 14
Changed: Aug 15
Last Checked: Aug 19 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Commercial
Investment Insights
Based on property information with market context.
Located in Storrs-Mansfield, Connecticut, adjacent to the University of Connecticut’s flagship campus, this 9.01-acre mixed-use development opportunity is situated in the heart of Mansfield’s economic and cultural core. The site represents a chance to develop in a supply-constrained, high-demand student housing market. The location is the last approved development site for student housing and mixed-use projects near campus, with utility access. Enrollment growth at the Storrs campus is projected to increase by 5.1% by Fall 2025. There is a projected shortfall of over 7,000 student housing units, with only 13,900 beds available for over 21,000 undergraduates. On-campus housing guarantees were revoked in 2024 due to overcapacity, leading to growing waitlists and off-campus demand. Storrs is the cultural and economic center of Mansfield, Connecticut, and is anchored by the University of Connecticut’s flagship campus. Located 30 miles from Hartford, Storrs offers a mix of New England charm and modern infrastructure. The area is suited for mixed-use and residential housing projects that contribute value to the local economy.
Key Highlights
- 9.01‑acre mixed‑use development opportunity adjacent to the University of Connecticut's flagship campus.
- Last approved development site for student housing/mixed‑use near campus with utility access.
- Located in a supply‑constrained, high‑demand student housing market with a projected student housing shortfall of over 7,000 beds.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 06268, CT
12,460
Population
3,938
Households
3.2
Avg Household Size
27
Median Age
59%
College-Educated
96%
High-School Grad
26.6 sq mi
ZIP Area
468
Density / Sq Mi
$56,533
Median Household Income
$10,983
Median Earnings
$1,442
Median Rent
$328,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 9.01-acre mixed-use development opportunity near UConn's flagship campus.
Where is this commercial land located?
The property is located at 1659 Storrs Rd Mansfield, CT.
What are key features of this property?
This property features: 9.01‑acre mixed‑use development opportunity adjacent to the University of Connecticut's flagship campus.; Last approved development site for student housing/mixed‑use near campus with utility access.; Located in a supply‑constrained, high‑demand student housing market with a projected student housing shortfall of over 7,000 beds.
