366 Boston TpkeBolton, CT 06043

  • Commercial land
  • 21.08 AC
For Sale
$750,000 View listing

Property Details for 366 Boston Tpke

Lot size
21.08 AC
Zone code
GB
Property type
Commercial land
APN
BOLT M:00007 B:00130 L:00000
APU
BOLTM00007B00130L00000

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $312,680,000
    Retail / Commercial
    $160,341,000
    Mixed-Use / Specialty
    $159,769,000
    Hospitality / Lodging
    $117,218,000
    Office
    $158,820,000
    Institutional / Educational
    $166,096,000
    Residential Income
    $194,332,000
    Multifamily
    $233,071,000
    Automotive / Energy
    $142,368,000
    Parking / Income-Based Land
    $49,129,400
    Restaurant / Food Service
    $83,097,200
    Healthcare / Senior Housing
    $163,840,000

Location Insight

City
Bolton
County
Tolland
State
Connecticut
Latitude
41.7858
Longitude
-72.4567
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,543
$169,300
-
$169,300
-
-
-
-

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