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284 Merrow Rd Tolland, CT 06084

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For Sale
$599,900

Mixed-use property near highway and UConn with rental income potential.

Property size:
5,280 SF
Lot size:
6.25 Acres

Property Features for 284 Merrow Rd

General Information

Standard status
Active
Size
5,280 SF
Lot size
6.25 Acres

Building Details

Year built
1986

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Listing Contact
Dan Keune
Source: Corcoran

Listing Agency: Campbell-Keune Realty Inc Listing Agent: Dan Keune

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Tolland Mixed-Use Investment Opportunity

Located in Tolland, Connecticut, this mixed-use property is situated 3 minutes from the highway and 10 minutes from the University of Connecticut. The property features a second floor with two modern apartments, each with private entrances. Apartment 201 includes two bedrooms, a newer kitchen, a dining room, a living room with a fireplace, a cathedral ceiling, and a slider to a covered deck. Apartment 202 also has two bedrooms and a large living room with a cathedral ceiling. The first floor contains two separate rental units of office space that can be combined. One unit features two offices, a conference room, and a half bath. The other unit includes a 29x25 office, three additional flexible-use rooms, and a bath. A two-car garage on the property offers additional rental income potential. Rents include all utilities and maintenance. The landlord currently uses both commercial spaces for his businesses; one will relocate prior to closing, and the other will be leased for one year, then transition to a month-to-month agreement with a 60-day notice requirement. The property presents an investment or owner-occupied opportunity.
Location Intelligence

Current Use by Public Records

R C Medical Medical Supply Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Tolland
County
Tolland
State
Connecticut
Longitude
-72.348691
Latitude
41.8573157

FAQs

What type of property is this?
Mixed-use property - Mixed-use property near highway and UConn with rental income potential.
Where is this mixed-use property located?
The property is located at 284 Merrow Rd Tolland, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: - Income-generating property with two residential apartments and two commercial office spaces.; - Potential for owner-occupancy with existing rental income streams.; - Seller willing to consider holding a first mortgage with 25% down.
More about this property
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