Overview

Description

ON-SITE INSPECTIONS: By Appointment Only
Please contact Jonathan Cuticelli at (203) 561-8737 or jcuticelli@hilcoglobal.com

FOR SALE
Located in the picturesque town of Tolland, CT, this site has dual functionality. Currently a quarry with approximately 14,000,000 tons of aggregate available, it can also can be permitted for a multifamily development with potential for between 420 to 560 beds.

With good proximity to Interstate 85 and Hartford, CT, this parcel of land is prime for development opportunities.


The Tolland, Connecticut region has a unique country feel. However, the area’s appearance does not reflect the economic activity surging throughout. Tolland is also known for having a portion of the town owned land permanently protected as open space preserving the town’s country feel. Being located off I-84 and close to Hartford’s Bradley International Airport, nearby towns include: Coventry, Ellington, Mansfield, Stafford, Vernon, and Willington, making logistics and transportation to other areas quick and easy.

This property consists of 131.5 total acres with only six acres that have been partially mined. There is approximately 14,000,000 tons of aggregate believed to be available according to a January 2022 Continental Placer report, which is accessible in our due diligence information. The best suggested use for the aggregate is for commercial stone, which is its previous use. The site also has the potential to be filled and developed for both commercial and/or residential use.

Highlights

• 400+ bed multifamily development opportunity with Special Permit provided by town of Tolland, CT
• Special multifamily permit states that between six (6) & eight (8) bedrooms per acre can be developed on approximately 70 acres
• Active mining permit still in place, allowing for continued mining of site
• 20 minutes from Hartford, CT
• Easy access to I-84 & the Hartford Turnpike

Documents

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