22 Waterville RdAvon, CT 06001

Property Details for 22 Waterville Rd

Year built

1985

Construction

STEEL FRAME

Lot size

3.60 AC

Zone code

CPA

Property type

Showrooms

APN

AVON M:15 L:4500022

APU

AVONM15L4500022

Description

This exceptional 55,000-square-foot Class A medical office building is ideally situated in Avon, Connecticut, at 22 Waterville Road, 06001. Boasting a prime location in the Farmington Valley, it offers unparalleled convenience bordering Canton, Farmington, Simsbury, and West Hartford. Currently, the entire 55,000 square feet is available for lease as a single-tenant occupancy. This presents a unique opportunity for a medical practice or healthcare organization seeking a substantial, high-profile space. The building's size makes it the largest of seven properties in the Farmington Valley portfolio. The building is also available for purchase. This presents a rare chance to establish a significant presence in a thriving market, with the possibility of naming rights for exceptional brand exposure. A dedicated management team provides superior tenant services, ensuring a seamless and positive experience. The property's central location and ample space make it an ideal setting for a growing or established medical practice. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent location in a highly desirable area. The building's size and location offer significant advantages for any medical business seeking to expand or establish a new presence in the Farmington Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $29,664,600

  6.5%

  $27,382,700

  7%

  $25,426,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,309,200

  Geo Method

  $21,309,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $53,398,900

  Mixed-Use / Specialty

  $27,285,100

  Hospitality / Lodging

  $20,018,200

  Office

  $27,123,000

  Institutional / Educational

  $28,365,500

  Residential Income

  $33,187,600

  Multifamily

  $39,803,400

  Automotive / Energy

  $24,313,300

  Parking / Income-Based Land

  $8,390,210

  Restaurant / Food Service

  $14,191,200

  Healthcare / Senior Housing

  $27,980,300

Location Insight

City

Avon

County

Hartford

State

Connecticut

Latitude

41.8036

Longitude

-72.8178

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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