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    Willimantic Tpke Coventry, CT 06238

    Sponsored
    For Sale
    $3,999,000

    140-acre prime development site in Coventry, CT

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 140-acre development opportunity is located at the intersection of Route 6 and South Street in Coventry, Connecticut, offering unparalleled potential for a diverse range of commercial, industrial, and residential uses. Zoned Commercial (C), this expansive parcel presents a unique chance to capitalize on its strategic location near I-84 and I-291, providing easy access to major transportation arteries. The asking price is $3,999,000, translating to $28,564 per acre. Given its I-2 designation, permitted uses are extensive and include, but are not limited to: light industrial, manufacturing, wholesale trade and storage, warehousing, construction, business services, corporate headquarters, public utility structures, restaurants, indoor/outdoor sporting facilities, lodging, golf driving ranges, self-storage facilities, and breweries. The property's size and zoning flexibility make it ideal for large-scale development projects, offering significant long-term investment potential. This is a rare opportunity to acquire a substantial tract of land in a desirable Connecticut location with exceptional development possibilities. The property is for sale by owner. The address is Willimantic Turnpike, Coventry, CT 06238.

    Property Features for 0 Willimantic Tpke

    General Information

    Property type
    Land
    Lot Size
    6,098,400 SF

    HighLights

    • I‑2 zoning allows diverse uses including light industrial, warehousing, office, and potentially restaurants & lodging.
    • Coventry, CT location offers easy access to I‑84 and I‑291.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Coventry
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.407166
    Latitude
    41.7691977

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    FAQs

    What type of property is this?
    Land - 140-acre prime development site in Coventry, CT
    Where is this land located?
    The property is located at Willimantic Tpke Coventry, CT.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: I-2 zoning allows diverse uses including light industrial, warehousing, office, and potentially restaurants & lodging.; Coventry, CT location offers easy access to I-84 and I-291.;
    Request Owner's contact information
    Willimantic Tpke Coventry, CT 06238
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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
    Willimantic Tpke Coventry, CT 06238
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