1225 Boston TpkeBolton, CT 06043

Property Details for 1225 Boston Tpke

Lot size

4.93 AC

Zone code

GB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

BOLT M:00006 B:00027 L:00000

APU

BOLTM00006B00027L00000

Description

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.

• 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

Property Tax & Assessments

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