575 Middle Tpke Storrs Mansfield, CT 06268
- Showrooms
- 1,953 SF
- 0.80 lot acres
Current Use by Public Records
- Cibo Italiano / Repair Service
Property Details for 575 Middle Tpke
- Year built
- 1968
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.80 lot acres
- Property size
- 1,953 SF
- Zone code
- PB3
- Property type
- Showrooms
- APN
- MANS M:8 B:15 L:20
- APU
- MANSM8B15L20
Description
This 1,953 sq ft former gas station, situated on a 0.8-acre lot in Mansfield, CT, is available for $1,375,000. Located on Route 44 with 188 feet of frontage, it boasts high visibility to 14,600 daily vehicles. Its proximity to the University of Connecticut campus and the new UCONN Technology Park ensures high foot traffic. The property, built in 1968, is zoned Planned Business 3, allowing for various retail and service uses. With an average household income of $86,505 within a 5-mile radius, this location offers strong demographic potential. Annual property taxes are $5,444. The site also offers convenient access to Storrs Road (Route 195). This is a prime opportunity for investors seeking a high-traffic retail location near a major university and a thriving technology park. The property's size and zoning provide flexibility for a range of business ventures. The asking price reflects the property's strategic location and potential for significant return on investment. A lease option is also available at $87,500 per year, NNN.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $170,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $205,000
- Mixed-Use
- $195,000
- Hospitality
- $165,000
- Educational
- $190,000
- Residential Income
- $190,000
- Energy
- $215,000
- Income-Based Land
- $215,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Storrs Mansfield
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.2719
- Latitude
- 41.8254
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA