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Property profile & analytics
OFF-MARKET
Commercial real estate

486 Tolland Tpke Manchester, CT 06042

Property ID
US15-1008735
Property summary
AI-generated overview

This exceptional 1.63-acre parcel, located at 486 Tolland Turnpike in Manchester, Connecticut (zip code 06042), presents a remarkable opportunity for residential development. Boasting frontage on both Tolland Turnpike and Jefferson Street, this property enjoys excellent visibility and accessibility. Its strategic location offers proximity to Route 84 and the bustling Buckland Hills retail area, ensuring high demand and convenient access for future residents. A conceptual plan already exists, envisioning a 16-unit development comprising eight two-family units, totaling 18,240 square feet of gross building area and including 32 parking spaces. This plan demonstrates a 26% lot coverage ratio, leaving ample room for landscaping and open space. However, the property's zoning allows for flexibility, potentially accommodating higher density or an easier lot split, providing developers with considerable creative freedom. The asking price for this exceptional development opportunity is $225,000. This property is zoned for residential use and offers significant potential for a lucrative investment. Don't miss this chance to acquire a prime piece of land in a thriving Connecticut community.

Property profile
Verified
Property type Commercial real estate
UPID US15-1008735
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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