For Sale
$225,000

486 Tolland TpkeManchester, CT 06042

Prime Development Land: 16-Unit Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $225,000 asking price for 1.63 acres of residential land.
  • Located at 486 Tolland Turnpike, Manchester, CT 06042.
  • Excellent location for multi-family or condo development near Route 84 and Buckland Hills retail.
  • Conceptual plan includes 16 units (8 two-family units), 18,240 sq ft building, and 32 parking spaces.
  • Potential for higher density or lot split.

Property Details for 486 Tolland Tpke

Property type
Land

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.806277
Longitude
-72.527644
486 Tolland Tpke, Manchester, Connecticut

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486 Tolland Tpke
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