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Property profile & analytics
OFF-MARKET
Commercial land

1555 Tolland Tpke Manchester, CT 06042-1635

4.52 ac lot
Individually Owned 6-yr Hold Free & Clear
Property ID
US15-0413265
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.52 ac (196,891 SF)
APN MANC M:003 B:5490 L:1555
UPID US15-0413265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Patricia F Hayes · 6 yrs held
Patricia F Hayes
since 2020
Last sale
$266,660
2 recorded transactions
2020
Price N/A
2008
$266,660
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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