280 Talcottville RdVernon, CT 06066

Property Details for 280 Talcottville Rd

Year built

1972

Construction

FRAME

Lot size

0.55 AC

Property size (Sq ft)

9,648 SF

Zone code

COMMER

Property type

Office properties

Property subtype

Office buildings

APN

VERN M:10 B:015K L:0030A

APU

VERNM10B015KL0030A

Description

This exceptional 0.55-acre commercial land parcel is ideally situated on Talcottville Road (Route 83) in Vernon, Connecticut, within Tolland County. The property's zoning is designated as Commercial, making it perfectly suited for a variety of retail uses. Its location along a busy retail corridor ensures high visibility and significant traffic exposure, presenting a compelling opportunity for businesses seeking a prominent presence. The single-tenancy land offers a straightforward development opportunity, eliminating the complexities of multi-tenant properties. The address is 280 Talcottville Road, Vernon, CT 06066, with GPS coordinates of 41.8382782 latitude and -72.4902952 longitude. This property presents a rare chance to establish a business in a high-traffic area with strong demographics, offering excellent potential for growth and return on investment. The site's 0.55 acres provide ample space for development, catering to a range of retail concepts. Serious inquiries are encouraged to explore the possibilities this prime location offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,595,103

  6.5%

  $1,472,402

  7%

  $1,367,231

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,260,608

  Geo Method

  $1,260,608

• Alternative Use

  Use

  Valuation

  Residential

  $1,825,779

  Hospitality

  $1,672,404

  Educational

  $1,391,420

  Medical

  $1,439,273

  Retail

  $2,164,432

Location Insight

City

Vernon

County

Tolland

State

Connecticut

Latitude

41.8383

Longitude

-72.4902

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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