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    1555 Tolland Tpke Manchester, CT 06042

    Sponsored
    For Sale
    $890,000

    4.84-acre corner lot, I-291 access.

    Property size:
    210,830 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.84-acre industrial land parcel, located at 1555 Tolland Turnpike in Manchester, Connecticut, presents a remarkable development opportunity. Zoned for industrial use (Ind), this property boasts unparalleled visibility and accessibility, situated on a signalized corner lot with approximately 350 feet of frontage on Tolland Turnpike and an impressive 900 feet of frontage on I-291. Its strategic location offers immediate access to I-291 (Exit 5 Southbound) and is a short four-minute drive to I-84 ramps. The high-traffic location sees 49,000 vehicles daily on I-291 and 19,000 on Tolland Turnpike, ensuring maximum exposure. Surrounded by established industrial facilities, including the Raymour & Flanigan and J.C. Penney Distribution Centers, this site benefits from a strong local workforce and consistent truck traffic. Its proximity to Manchester's busiest retail corridor adds further appeal. The property is ideal for distribution, manufacturing, or R&D uses. While currently zoned for industrial use, potential buyers should conduct their own due diligence regarding zoning variances for alternative uses. The seller may consider a ground lease. This prime location offers significant branding potential and ease of access, making it an exceptional investment in a thriving commercial and industrial area. The total square footage is 210,830, and there are no existing buildings on the site. The asking price is $890,000.

    Property Features for 1555 Tolland Tpke

    General Information

    Property type
    Life science properties
    Square Feet
    210,830 SF
    Lot Size
    210,830 SF

    HighLights

    • 4.84‑acre industrial land parcel in Manchester, CT, at 1555 Tolland Turnpike.
    • High visibility corner lot with 350 ft. of frontage on Tolland Turnpike and 900 ft. on I‑291.
    • Excellent access to I‑291 (Exit 5 SB) and I‑84, with high daily traffic counts.
    • Zoned industrial (Ind); buyer to perform due diligence on potential zoning variances.
    • Seller may consider a ground lease; asking price $890,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.572313645658
    Latitude
    41.792712379742

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    FAQs

    What type of property is this?
    Life science property - 4.84-acre corner lot, I-291 access.
    Where is this life science property located?
    The property is located at 1555 Tolland Tpke Manchester, CT.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: 4.84-acre industrial land parcel in Manchester, CT, at 1555 Tolland Turnpike.; High visibility corner lot with 350 ft. of frontage on Tolland Turnpike and 900 ft. on I-291.; Excellent access to I-291 (Exit 5 SB) and I-84, with high daily traffic counts.
    Request Owner's contact information
    1555 Tolland Tpke Manchester, CT 06042
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    Manchester, CT 06042
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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
    1555 Tolland Tpke Manchester, CT 06042
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