$351,500
$400,000
12.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
5,500 SqFt
SOLD DATE : 06/07/2024
Key Details
Sold Price $351,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $63
MLS Listing ID 24008151
Sold Date 06/07/24
Full Baths 1
Half Baths 3
Year Built 1946
Annual Tax Amount $7,078
Lot Size 2.110 Acres
Property Description
Take advantage of a rare opportunity to own a property in Tolland's commercial corridor. This area is just beginning its 'next growth' of commercial and mixed use projects. This location is fantastic for any general contractors, and business owners currently renting where the work!! Including, plumbers, electricians, HVAC, automotive industry, landscaping companies, etc., etc. 4000 square feet of mixed use space for warehousing, equipment, office space and/or mixed use conversion. The single family house can converted to office space , used as-is as home business or can be immediately rented for $1800-$2200 per month. Additional buildings could potentially be rented between $1000-$2000. Income potential easily offsets monthly carrying costs and may even create a positive cash flow. A good property to buy and hold for the long game. GREAT signage already existing from previous 30 year plus business Eastern Well Drilling company who is now retired. Signage can be expanded in accordance with town signage regulations for MORE roadside brand recognition. Tolland is a an easy to work with town and is interested in continuing to create small business opportunities and to build it's tax base. Owner MAY consider financing. Schedule you're appointment today!!
Location
State CT
County Tolland
Zoning TCZ NCZ
Interior
Interior Features Living Space Available, Loading - Grade, Public Restrooms
Heating Baseboard, Wall Unit, Wood/Coal Stove, Zoned
Cooling Attic Fan, Ceiling Fans
Exterior
Exterior Feature Storage Building, Sidewalk, Doors - 10-15 ft, Lighting, Loading Dock/Grade, Outside Storage Area, Pole Sign, Doors - under 10 ft
Garage Parking Lot, Off Street Parking, Unpaved
Utilities Available Electric, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Cleared
Story 2
Foundation Concrete
Sewer Public Sewer In Street, Septic
Water Public Water In Street, Private Well
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Bought with Brian McCarthy • Home Selling Team
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Broker | REB.0791464