This exceptional commercial property, located at 1225 Boston Turnpike in Bolton, CT, presents a unique investment opportunity. The 4.93-acre lot boasts 703 feet of road frontage on a high-traffic road with a daily count of 16,700 vehicles. The main building offers 17,822 square feet of space, currently configured with two residential units and several commercial outbuildings. The property is situated in a RMUZ zone, offering a wide range of potential uses. These include, but are not limited to, motor vehicle sales and service, office space, retail establishments, restaurants, warehousing, multi-family dwellings (upper level), hotels, gas stations, and recreational facilities, even daycare. Existing infrastructure includes a well and sewer system, with public water access located just 0.54 miles away. This property's versatility and prime location make it an ideal investment for a variety of commercial ventures. An additional 15.84 acres of land is available for purchase across the street, presenting an opportunity for expansion or further development. The asking price for this exceptional property is $1,250,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$35,504,756
6.5%
$32,773,620
7%
$30,432,648
Comparable approach
Method
Valuation
Relative Method
$28,059,366
Geo Method
$28,059,366
Alternative Use
Use
Valuation
Residential
$40,639,288
Hospitality
$37,225,368
Educational
$30,971,070
Medical
$32,036,214
Retail
$48,177,220
Location Insight
City
Bolton
County
Tolland
State
Connecticut
Latitude
41.7973
Longitude
-72.4206
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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