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The Villages at Four Corners 1659 Storrs Rd 11,954 SF 100% Leased Retail Building Storrs Mansfield, CT 06268 For Sale
Investment Highlights
- Gateway into UCONN campus
- Income producing!
- The Villages at Four Corners | Multi-Tenant Retail Investment with Premier UConn Development
Executive Summary
The Villages at Four Corners | Multi-Tenant Retail Investment with Premier UConn Development
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
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
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
11,954 SF
Building Class
B
Year Built/Renovated
1955/2001
NOI
$305,367
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
9.00 AC
Opportunity Zone
Yes
Zoning
PB3 - PB3
Parking
14 Spaces (1.17 Spaces per 1,000 SF Leased)
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 | $823,200 |
| Land Assessment | $135,200 | Total Assessment | $958,400 |
Property Taxes
Parcel Number
MANS-000008-000015-000012
Land Assessment
$135,200
Improvements Assessment
$823,200
Total Assessment
$958,400
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The Villages at Four Corners | 1659 Storrs Rd
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