Premier Development Opportunity Adjacent to UConn | The Villages at Four Corners
Market Price
1659 Storrs Road, Mansfield, CT 06268
6.7
Cap Rate
305,367.47
NOI
Details:
Highlights:
- Storrs is the cultural and economic heart of Mansfield, Connecticut—anchored by the University of Connecticut’s flagship campus, a nationally recognized NCAA Division I powerhouse. This dynamic college town masterfully blends New England charm with the energy and innovation of a top-tier public university.
- Located just 30 miles from Hartford, Storrs offers a unique mix of pastoral beauty and modern infrastructure. Its rolling hills, open green spaces, and walkable village center provide a serene backdrop for a growing community driven by education, athletics, and innovation.
- With a strong institutional anchor, robust demand for housing, and strategic access to regional highways, Storrs presents an exceptional opportunity for investors seeking long-term growth in a supply-constrained, high-demand market. The area’s balance of academic vitality, community engagement, and underutilized development potential makes it ideal for mixed-use or residential projects that contribute lasting value to the local economy.
- Address:
- 1659 Storrs Road, Mansfield, CT 06268
- 625 Middle Turnpike, Mansfield, CT 06268
- Corner Lot- Both Lots merged as one.
- Proximity: Adjacent to UConn’s main campus - North Entrance
- Target Use: Student Housing / Mixed Use Development / Hospitality
- Current Approved Use: Mixed Use Development with Affordable Housing
- 116 Housing Units total
- 17 Affordable
- 6 Workforce
- 12,256 sqft of Retail
- Special Zoning Permit: Awarded
- Public Water & Utilities: Approved by city
- Public Sewer Permit: Awarded
- Very limited - “Will Serve” letter Awarded through water company
- Current Use: Multi tenant commercial investment property
- Fully leased to a mix of food service and convenience tenants
- Structured as both base rent and percentage rent.
- Tenants include a gas station, QSR, restaurant/bar and retail food.
- Zoned: PB3 - Planned Business-3 Zone
- Mixed-Use Development
- Commercial and Business Activities
- Total Acres: 9.01
Description:
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
Storrs, Mansfield, CT – Home of NCAA Division I Champions: The UConn Huskies
Storrs is the cultural and economic heart of Mansfield, Connecticut, anchored by the University of Connecticut’s flagship campus, a nationally recognized NCAA Division I powerhouse. This dynamic college town masterfully blends New England charm with the energy and innovation of a top-tier public university.
Located just 30 miles from Hartford, Storrs offers a unique mix of pastoral beauty and modern infrastructure. Its rolling hills, open green spaces, and walkable village center provide a serene backdrop for a growing community driven by education, athletics, and innovation.
With a strong institutional anchor, robust demand for housing, and strategic access to regional highways, Storrs presents an exceptional opportunity for investors seeking long-term growth in a supply-constrained, high-demand market. The area’s balance of academic vitality, community engagement, and underutilized development potential makes it ideal for mixed-use / residential housing projects that contribute lasting value to the local economy.
Public Utilities
Documents:
| Title | ||
|---|---|---|
| NEW_Offering_Memorandum__L_.pdf |
Location
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