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    40-48 Merrow Rd Tolland, CT 06084

    For Sale
    $4,500,000

    Prime 26-acre development site in Tolland, CT. High traffic counts.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 26-acre parcel, located at 40-48 Merrow Road in Tolland, Connecticut, presents a unique opportunity for significant commercial development. Zoned TVA-GD, the property offers versatile usage potential, including hotel, restaurant, multi-family residential, and retail options. The site boasts significant road frontage, with 530 feet along Merrow Road and an impressive 1,960 feet of frontage along I-84. This prime location benefits from exceptional visibility and accessibility, supported by high traffic counts: 77,700 vehicles daily on I-84 and 14,500 on Merrow Road/Route 195. Public water and sewer are readily available, simplifying infrastructure development. The asking price for this expansive and strategically located property is $4,500,000. This is an ideal investment for developers seeking a high-impact location with substantial development potential in a thriving Connecticut community. The property's zip code is 06084, and it is situated in Tolland County.

    Property Features for 40-48 Merrow Rd

    General Information

    Property type
    Land
    Lot Size
    1,132,560 SF

    HighLights

    • 26.1 Acres
    • Public water and sewer available
    • 530 feet of Merrow Road frontage
    • 1,960 feet of I‑84 frontage
    • TVA‑GD Zoning
    • 77,700 VPD I‑84, 14,500 VPD Merrow Road/Route 195
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tolland
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.3660907
    Latitude
    41.8660903

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    FAQs

    What type of property is this?
    Land - Prime 26-acre development site in Tolland, CT. High traffic counts.
    Where is this land located?
    The property is located at 40-48 Merrow Rd Tolland, CT.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 26.1 Acres; Public water and sewer available; 530 feet of Merrow Road frontage
    (860) 887-5000
    Request Owner's contact information
    40-48 Merrow Rd 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
    40-48 Merrow Rd Tolland, CT 06084
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