2 Mansfield City Rd Mansfield, CT 06250
- Commercial real estate
- 41.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2 Mansfield City Rd
- Lot size
- 41.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 41-acre development opportunity in Mansfield, Connecticut, presents a compelling investment prospect. Located at 2 Mansfield City Road, this prime parcel sits at the corner of Mansfield City Road and Pleasant Valley Road, conveniently abutting Eastern Connecticut State University's athletic fields. The property boasts a conceptual plan for a 231-unit multifamily development, envisioned across 11 buildings. A conservation easement and dedicated open space will provide residents with passive recreational areas. The site benefits from readily available public water and sewer services, and a nearby bus stop provides convenient access to the Windham Regional Transit District (WRTD). Its strategic location offers proximity to downtown Willimantic and is only 10 minutes from the University of Connecticut, capitalizing on the high demand for student housing in this thriving market. Eastern Connecticut State University currently enrolls 5,832 undergraduate and 1,000 graduate students, while the University of Connecticut boasts an impressive 19,241 undergraduate and 7,098 graduate students. The property is zoned PVRA, offering significant development potential. This is a rare opportunity to acquire a substantial land parcel with a well-defined plan in a location with strong demographics and convenient amenities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.2201349
- Latitude
- 41.7372387
