Property profile

575 Middle Tpke Mansfield, CT 06268

FOR LEASE
Showrooms
Property ID
US15-0769991
1,953 SF 0.8 ac lot Built 1968
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,953 SF
Lot 0.8 ac (34,848 SF)
Zoning code PB3
APN MANS M:8 B:15 L:20
UPID US15-0769991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement General Contractor

Location

575 Middle Tpke Mansfield, CT 06268
Mansfield metro Census 881300 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2014
1 recorded transaction
2014
$200,000

Zoning & alternative use

PB3 · Storrs Mansfield, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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