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62-68 & 70 Merrow Drive, Tolland, CT 06084
$4,800,000
62-68 & 70 Merrow Drive, Tolland, CT 06084View this property at 62-68 & 70 Merrow Drive, Tolland, CT 06084
62-68 & 70 Merrow DriveTollandCT06084
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Property Description
Located directly off Interstate 84, this exceptional commercial property in Tolland, CT, offers strategic positioning with direct access from both ongoing and exit ramps. Situated just across from a commuter lot and popular eateries such as Dunkin Donuts, this site guarantees high visibility and traffic, making it a prime location for any business. The property features two well-maintained buildings on a generous plot of over 4.5 acres, with three parcels sold together, opening up considerable opportunities for expansion or redevelopment. Currently, the site hosts a variety of tenants including Subway, NAPA Auto Parts, a liquor store, a pizza restaurant, a cafe, and two residential apartments, ensuring a diverse and steady rental income. Key amenities include more than 50 existing parking spaces with ample room for expansion, many updates made since its original construction in 1963, central air conditioning in both buildings, tenants independently managing utilities with options for propane gas or oil heating, and connection to public water and sewer systems. Additionally, over 2,550 sq ft of lower-level space is available for development, offering potential for additional income. Located near the University of Connecticut and various shopping destinations, this property not only benefits from its current tenancy and features but also from its potential for further development, making it ideal for investors and developers seeking a property with significant growth prospects.
Full Property Details
Full Property Details for 62-68 & 70 Merrow Dr
General
- Price: $4,800,000
- Taxes: (July 2023-June 2024)
- Status: Active
- Type: Commercial
- MLS ID: 24015802
- Updated: 5/7/2024
- Added to Site: 23 day(s) ago
Exterior
- Exterior Features: Doors - 10-15 ft, Awnings, Gutters, Lighting, Outside Storage Area, Pole Sign, Door Sign
Parking
- Uncovered Spaces: 50
- Total Spaces: 50
- Parking: Paved, Off Street Parking
Location
- County: Tolland
- Driving Directions: I-84 east, exit 70, take left
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Zoned
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Phone Available
Structural Information
- Roof: Asphalt Shingle, Membrane
- # Loading Docks: 1
- Square Feet: 26,173
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Restaurants, Cafe, Residential, Auto Parts, Liquor Store
- Year Built: 1964
Unit Information
- # Tenants: 9
Lot Features
- Frontage: State Road
- Present Use: Restaurants, Cafe, Residential, Auto Parts, Liquor Store
- Zoning: COM
- Lot Description: Additional Land Avail., Dry, Cleared
Water Features
- Docks: 1
Financial Considerations
- Assessment Amount: $1,510,400
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: None
- Exclusions: Businesses not included
- Property ID: 999999999
Listed by Berkshire Hathaway NE Prop., Rob Rosa Team, Robert Rosa
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Schools
Schools serving 62-68 & 70 Merrow Dr
School District:Tolland School District
Rating | Name | Grades | Distance |
---|---|---|---|
1 Eagle Hill Dr, Tolland, CT 06084 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 62-68 & 70 Merrow Dr
Date
Details
Price
Change
Source
5/06/2024
Listed
$4,800,000
6757.14%
MLS
1/05/2023
Sold
$70,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 62-68 & 70 Merrow Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,113
5%
$512,000
3%
2022
$18,188
-1%
$497,200
—
2021
$18,451
3%
$497,200
—
2020
$17,924
7%
$497,200
7%
2019
$16,688
3%
$462,900
—
2018
$16,202
2%
$462,900
—
2017
$15,827
—
$462,900
—
2016
$15,827
2%
$462,900
—
2015
$15,442
—
$462,900
-7%
2014
$15,472
31%
$498,300
27%
2013
$11,804
—
$391,000
—
2011
$11,804
—
$391,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 62-68 & 70 Merrow Dr
62-68 & 70 Merrow Drive, Tolland, CT 06084 (MLS# 24015802) is a Commercial property. 62-68 & 70 Merrow Drive is currently listed for $4,800,000 and was received on May 06, 2024. Want to learn more about 62-68 & 70 Merrow Drive? Do you have questions about finding other Commercial real estate for sale in Tolland? You can browse all Tolland real estate or contact a Coldwell Banker agent to request more information.