Exceptional investment opportunity at 303 Merrow Road, Tolland, CT. This 34,000-square-foot Class B office space is newly primed for conversion into a self-storage facility, thanks to recently approved zoning amendments and a strong market outlook. With the groundwork already in place, this property represents a unique opportunity to capitalize on the growing demand for self-storage in the Tolland area. Property Overview * Location: Strategically located just off Route 195, the property is only 1 mile from I-84 and 5.5 miles from the UConn Storrs campus. This highly accessible location connects to a wide customer base, including residents, businesses, and schools. * Zoning Flexibility: Newly approved zoning opens up a range of potential uses, making this property highly versatile. Options include self-storage, retail, personal and professional services, hospitality, mixed-use development, and more. * Development Potential: A Pre-Development Self-Storage Site & Market Feasibility Study conducted by Self Storage 101 has provided a detailed analysis of this opportunity. The study proposes a combination of drive-up, non-climate-controlled units on the open land and climate-controlled, interior-access units within the existing building. The included OM provides further information on these findings and recommendations.
Fully renovated commercial building, currently set up as a Banquet Event venue, get ready to host your catered events here, multiple size function rooms available for weddings, baby showers, awards ceremonies, birthdays, sweet sixteen, banquet spaces for every occasion, featuring two levels of brand new porcelain flooring, new LED lighting throughout, all new windows, brand new restrooms up and down, kitchen ready work spaces for caterers with onsite portable food warmers and refrigerated cooling units, newly paved asphalt parking lot, newly updated heating systems & central air conditioning, new electric on the first floor, brand new septic system, new fire alarm system with 24hr system monitoring, exterior gazebo/picnic area, your new CT and MA all occasion destination just minutes from Interstate 84, 90 minutes to Boston and Providence. Or bring your own ideas, you have just over 10,000 sq ft. to work with. 24 hour notice on all viewings
Tolland is located in Connecticut. Tolland, Connecticut has a population of 14,546. Tolland is more family-centric than the surrounding county with 35.58% of the households containing married families with children. The county average for households married with children is 30.12%.
The median household income in Tolland, Connecticut is $121,120. The median household income for the surrounding county is $88,525 compared to the national median of $69,021. The median age of people living in Tolland is 41.5 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 49.4 inches per year, with 45.3 inches of snow per year.
