126 Storrs RdMansfield, CT 06250

Property Details for 126 Storrs Rd

Year built

1912

Construction

FRAME

Lot size

0.80 AC

Property size (Sq ft)

1,626 SF

Zone code

PB1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MANS M:38 B:109 L:36

APU

MANSM38B109L36

Description

This exceptional 1,626 square foot commercial office building is situated on a 0.8-acre lot at 126 Storrs Road in Mansfield, Connecticut. Its prime location offers substantial road frontage, making it highly visible and accessible to a large customer base. The property benefits from its position within a thriving commercial area, surrounded by numerous retail businesses, ensuring high traffic volume and excellent exposure. This presents a unique opportunity for a variety of businesses, particularly those seeking a high-visibility location with strong potential for customer traffic. The building's size is ideal for a range of commercial uses, offering ample space for offices, retail, or a combination thereof. The 0.8-acre lot provides ample parking and potential for future expansion or outdoor amenities. The property's strategic location in Mansfield, CT, offers easy access to major transportation routes, further enhancing its appeal to businesses seeking convenient access for employees and customers. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area. The asking price is $299,900. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $395,175

  6.5%

  $364,777

  7%

  $338,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,382

  Geo Method

  $535,382

• Alternative Use

  Use

  Valuation

  Residential

  $307,703

  Hospitality

  $281,854

  Educational

  $234,499

  Medical

  $242,564

  Retail

  $364,777

Location Insight

City

Mansfield Center

County

Tolland

State

Connecticut

Latitude

41.7367

Longitude

-72.1982

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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