159 Merrow RdTolland, CT 06084

Property Details for 159 Merrow Rd

Year built

2014

Construction

FRAME

Lot size

6.11 AC

Property size (Sq ft)

1,580 SF

Zone code

GDD

Property type

Showrooms

APN

TOLL M:28 B:A L:1-02

APU

TOLLM28BAL102

Description

This exceptional 1,580 square foot retail space, built in 2014, is ideally situated at 159 Merrow Road in Tolland, Connecticut. The property boasts a single story building on a 6.11-acre lot, zoned (GDD) Gateway Design District. Its prime location directly fronts Merrow Road (Route 195), a high-traffic thoroughfare with an average daily traffic count of 91,822 vehicles. This strategic positioning places the property at the main entrance to the Fieldstone Commons Shopping Center, a significant retail hub anchored by a 100,000 square foot Big Y grocery store, ensuring high visibility and foot traffic. Previously occupied by a Berkshire Bank, the building offers immediate potential for a variety of retail uses. The property's size and location make it an attractive opportunity for businesses seeking a prominent presence in a thriving commercial area. The 2014 construction ensures modern amenities and efficient space utilization. Its location at the intersection of I-84 provides easy access for customers and employees. This is a rare opportunity to acquire a well-located, high-visibility retail property in a strong retail corridor. The property's size and location offer significant potential for growth and profitability. The 6.11-acre lot provides ample space for potential expansion or future development. The (GDD) Gateway Design District zoning allows for a range of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $383,995

  6.5%

  $354,457

  7%

  $329,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,236

  Geo Method

  $520,236

• Alternative Use

  Use

  Valuation

  Residential

  $298,998

  Hospitality

  $273,880

  Educational

  $227,865

  Medical

  $235,702

  Retail

  $354,457

Location Insight

City

Tolland

County

Tolland

State

Connecticut

Latitude

41.8622

Longitude

-72.3568

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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