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 students. • 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 vacant land and climate-controlled, interior-access units within the existing building. The included Offer Memorandum provides further information on these findings and recommendations. Why This Property? Growing Local Demand for Self-Storage Tolland and the surrounding region are experiencing significant growth in both single-family and multi-family residential construction, creating increased demand for self-storage solutions. Highlights include: • A new 240-unit apartment complex under construction in Tolland, bringing a surge of potential customers in need of storage space. • Robust growth in single-family home development in the area, with new housing communities and expanding neighborhoods driving additional demand. • The proximity to the UConn Storrs campus, which provides steady storage needs from students, faculty, and university staff. Regional Growth and Demographics The Tolland region is experiencing a broader pattern of economic and population growth, with a rising influx of professionals, families, and renters seeking convenient housing options. This upward trend, combined with limited self-storage supply in the immediate area, makes this an excellent opportunity to fill the gap in the market and capture growing consumer demand. Turnkey Opportunity With zoning amendments approved, the feasibility study complete, and strong demographic and market indicators, much of the heavy lifting has been done to position this property for success. The versatility of the existing 34,000 square feet, paired with the option to add additional drive-up units on the vacant land, allows for creative and scalable storage configurations tailored to the market’s needs. Asking Price The property is offered for sale at $2,799,990. This is a rare opportunity to leverage a high-growth location, demand-driven market, and development-ready property to create a state-of-the-art self-storage facility—or explore other permitted uses that align with your business goals. For your convenience, we’ve included an Offer Memorandum containing detailed findings and recommendations from the feasibility study performed by Self Storage 101. Please let me know if you would like to schedule a tour of the property, review the memorandum in greater detail, or discuss the opportunity further. I would be happy to provide any additional information you may need.