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Retail Property Near UConn Tech
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575 Middle Turnpike, Storrs Mansfield, CT 06268

Retail property in opportunity zone near UConn Technology Park.

Property Size1,953 SF
Days on Market1265

Property Features for 575 Middle Turnpike

General Information

Standard status Active
Size 1,953 SF

Taxes and HOA fees

Annual Taxes $4,654

Building Details

Year Built 1968
Listing Agency: Lyman Real Estate
Listed By: RON LYMAN · License #REB.0417795
Source: Corcoran
Added: Mar 13, 2023 Changed: Mar 16 Last Checked: Mar 16 at 9:35AM

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 Lyman Real Estate

Investment Insights

Based on property information with market context.

This 0.8 acre parcel, situated in an Opportunity Zone, features an existing 1,953 square foot building. Located in front of the Professional Park Road business offices, the property is zoned PB3 - Planned Business. The site benefits from its location at the new lighted intersection of Professional Park Road and the new UCONN Technology Park, a 990,000 SF multi-story facility for research and development and meeting space. The property may be suitable for a bank or various retail uses, and includes a double drive-thru.

Key Highlights

  • Located in an Opportunity Zone.
  • Ideal location for a bank or retail use with a double drive‑thru.
  • Located at the new lighted intersection of Professional Park Road.

Property Analytics

Current Use

Cibo Italiano Hardware & Home Improvement

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Dental Office Spa & Massage Center Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby
61k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Dining 30%
Cumberland Farms Shops & Services
30,266 visits/mo 0.3 miles
Dunkin' Donuts Dining
18,046 visits/mo 0.2 miles
Dollar General Shops & Services
7,604 visits/mo 0.1 miles
Bank of America Shops & Services
2,754 visits/mo 0.1 miles
KeyBank Shops & Services
2,341 visits/mo 0.0 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Retail property in opportunity zone near UConn Technology Park.
Where is this bank located?
The property is located at 575 Middle Turnpike Storrs Mansfield, CT.
What are key features of this property?
This property features: Located in an Opportunity Zone.; Ideal location for a bank or retail use with a double drive‑thru.; Located at the new lighted intersection of Professional Park Road.
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