366 Boston Tpke Bolton, CT 06043
For Sale
This exceptional 22-acre commercial land parcel, located at 366 Boston Turnpike in Bolton, Connecticut (zip code 06043), presents a unique investment opportunity. Situated in Tolland County, this property is zoned GB, allowing for a wide range of development possibilities. Its strategic location along the Boston Turnpike ensures convenient access to major highways and local amenities, benefiting both businesses and residents. The property's proximity to Bolton Notch State Park adds to its appeal, offering a scenic backdrop and recreational opportunities. The GB zoning permits diverse uses, including retail, light manufacturing, and mixed-use developments. Current projections suggest residential development potential for up to 55 units, capitalizing on the area's growing housing demand. This substantial acreage offers significant potential for expansion and future development, making it an attractive proposition for discerning investors and developers seeking a prime location in a desirable Connecticut town. The asking price for this remarkable property is $750,000.
General Business Zone (GB). A. Purpose. The purpose of the General Business Zone (GB) is to create an area where regional retail, service, professional office and business activities can be located with access to the interstate and state highway system, sewer and water. This zone is intended to allow intense commercial development, while still imposing a hig…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
GB · Bolton, CTGeneral Business Zone (GB). A. Purpose. The purpose of the General Business Zone (GB) is to create an area where regional retail, service, professional office and business activities can be located with access to the interstate and state highway system, sewer and water. This zone is intended to allow intense commercial development, while still imposing a high standard of architectural and site design to preserve and enhance the scale, materials and architectural character of Bolton as a small New England town. This zone recognizes that it is located at the gateway to Bolton for those arriving from the Hartford and Manchester urban areas, and that it will form the first impression of this Town that many travelers see. Control of signs, abundant landscaping, compatible uses and limitation of curb cuts are essential. B. Permitted uses and use categories. Land and water areas shall be used and buildings or structures shall be erected, altered, enlarged or used only for one or more of the uses or use categories listed in the lists below of uses permitted by site plan review and special permit uses, subject to such standards and conditions which may be required by these regulations, and subject to the Bolton, CT Architectural and Design Guidelines (Appendix C [1] ). See the definition, where applicable, for any use or term in Article II . (1) Permitted by site plan review. Uses and use categories permitted as a matter of right subject to site plan review by the Planning and Zoning Commission in accordance with Article XVI , Part 1, of these regulations and all requirements of the GB Zone and any applicable provisions of these regulations: (a) Public utility building or substation. (b) State- or Town-operated public commuter parking lots. (c) Municipal facilities of the Town of Bolton. (d) Farm stands pursuant to § 450-3.26C(1) and farmer's markets pursuant to § 450-3.26C(2) . (2) Special permit. Uses and use categories permitted subject to the issuance of a special permit by the Planning and Zoning Commission in accordance with Article XVI , Part 2, of these regulations, and all requirements of the GB Zone and any applicable provisions of these regulations: (a) Grocery store. (b) Drugstore. (c) Beauty salon/barber shop. (d) Business or professional office. (e) Studio (photographic, graphic arts, crafts). (f) Retail shop. (g) Personal and business services. (h) Restaurants, full-service, per § 450-3.27 . (i) Restaurants, fast-food, per § 450-3.27 . (j) Restaurants, take-out, per § 450-3.27 . (k) Taverns. (l) Package stores. (m) Bank/Financial institution.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
