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1659 Storrs Rd 12,256 SF Retail Building Storrs Mansfield, CT 06268 For Sale 6.70% Cap Rate
Executive Summary
Storrs-Mansfield, CT — Home of NCAA Division I Champions, The UConn Huskies
Located in the vibrant college town of Storrs, this exceptional 9.01-acre mixed-use development opportunity sits at the heart of Mansfield’s economic and cultural core, adjacent to the University of Connecticut’s flagship campus.
“The Villages at Four Corners” offers a rare chance to develop in one of Connecticut’s most supply-constrained, high-demand student housing markets.
Last Approved development site for Student Housing / Mixed Use, near campus with utility access!
Per the town POCD
UConn Market Demand Drivers:
+5.1% projected enrollment growth at the Storrs campus by Fall 2025
Over 7,000-student housing shortfall projected
Only 13,900 beds available for over 21,000 undergraduates
On-campus housing guarantees revoked in 2024 due to overcapacity
Waitlists and off-campus demand are growing rapidly
Located in the vibrant college town of Storrs, this exceptional 9.01-acre mixed-use development opportunity sits at the heart of Mansfield’s economic and cultural core, adjacent to the University of Connecticut’s flagship campus.
“The Villages at Four Corners” offers a rare chance to develop in one of Connecticut’s most supply-constrained, high-demand student housing markets.
Last Approved development site for Student Housing / Mixed Use, near campus with utility access!
Per the town POCD
UConn Market Demand Drivers:
+5.1% projected enrollment growth at the Storrs campus by Fall 2025
Over 7,000-student housing shortfall projected
Only 13,900 beds available for over 21,000 undergraduates
On-campus housing guarantees revoked in 2024 due to overcapacity
Waitlists and off-campus demand are growing rapidly
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
12,256 SF
Building Class
B
Year Built
2001
Cap Rate
6.70%
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
PB3 - PB3
Parking
14 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MANS-000008-000015-000012 | Improvements Assessment | $1,130,336 CAD |
| Land Assessment | $185,643 CAD | Total Assessment | $1,315,979 CAD |
Property Taxes
Parcel Number
MANS-000008-000015-000012
Land Assessment
$185,643 CAD
Improvements Assessment
$1,130,336 CAD
Total Assessment
$1,315,979 CAD
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1659 Storrs Rd
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