Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Merrow Rd Tolland, CT 06084

    For Sale
    $1,500,000

    Prime restaurant land, utilities ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2-acre commercial land parcel in Tolland, Connecticut, presents a unique opportunity for restaurant development. Located on Merrow Road, this prepared pad boasts readily available utilities, including public water, sewer, and gas, significantly reducing development time and costs. The site is conveniently zoned GDD and is clearly marked as a restaurant section on the attached map. High traffic counts are a key advantage, with 11,200 vehicles daily on Merrow Road and a substantial 101,600 vehicles daily on nearby I-84, ensuring excellent visibility and accessibility for your business. The asking price for this turnkey opportunity is $1,500,000. Note that an adjacent hotel site is also available for purchase at $1,750,000, with a 10% discount offered for the purchase of both properties. For those seeking an alternative, a 2-acre land lease option is also available at $100,000 per year, NNN. This property offers unparalleled potential for a thriving restaurant venture in a high-traffic location. Don't miss this chance to secure a prime commercial site in Tolland, CT.

    Property Features for 0 Merrow Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Ready‑to‑build pad with utilities.
    • Hotel development site also available.
    • $17,500 per hotel room.
    • Minimum 100 hotel rooms.
    • 10% discount for purchasing both pad and hotel site.
    • Designated restaurant parcel (see attached map).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tolland
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.36572
    Latitude
    41.866609

    Nearby Similar for Sale

    • $600,000
      10,080 SF

      Renovated Banquet Venue Near I-84

      Fully renovated banquet venue, minutes from I-84, suitable for events.
      48 Kingsbury Ave, Tolland, CT 06084
      View Details
    • $219,900
      2,175 SF

      Historic Colonial on Tolland Green

      Charming 2175 sq ft commercial space in a prime location.
      46 Tolland Grn, Tolland, CT 06084
      View Details
    • $2,799,900
      33,778 SF

      Tolland Office Conversion Opportunity

      34,000 SF Class B office primed for self-storage conversion.
      303 Merrow Rd, Tolland, CT 06084
      View Details
    • $465,000

      New Townhouse in Somerset Woods

      New townhouse with modern amenities in a planned unit development.
      65 Belvedere Lofton Ii Dr, Tolland, CT 06084
      View Details
    • $465,000

      New Townhouse in Somerset Woods

      New townhouse PUD with modern amenities in Tolland, CT.
      69 Belvedere Lofton Ii Dr, Tolland, CT 06084
      View Details
    • Contact for pricing
      1,580 SF

      Former Bank Building For Sale

      1,580 SF former bank branch in Tolland, CT.
      159 Merrow Rd, Tolland, CT 06084
      View Details

    FAQs

    What type of property is this?
    Land - Prime restaurant land, utilities ready.
    Where is this land located?
    The property is located at Merrow Rd Tolland, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Ready-to-build pad with utilities.; Hotel development site also available.; $17,500 per hotel room.
    (860) 887-5000
    Request Owner's contact information
    Merrow Rd Tolland, CT 06084
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Merrow Rd
    Tolland, CT 06084
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Merrow Rd Tolland, CT 06084
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.