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Premier Development Opportunity Adjacent to UConn | The Villages at Four Corners

Market Price

1659 Storrs Road, Mansfield, CT 06268

Active
Last Updated: 01/13/2026

6.7

Cap Rate

305,367.47

NOI

Details:
Cap Rate:    6.7%
NOI:    $305,367.47
Building Size:    361,536 sqft
Lot Area:    9.01 acres
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

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