50 Tower Lane
Office | 77,000 SqFt
Marketing description
CBRE is pleased to offer for sale 50 Tower Lane, a ±77000 SF single-story flex office/industrial building situated on 13.55 acres in Avon, CT. Originally constructed in 1970, 50 Tower Lane was completely renovated in 2017 for a national tenant, with all new mechanicals and updated finishes including polished concrete floors and new LED lighting. The property features five truck docks, one dive-in door, and onsite parking for 120 vehicles, with the ability to expand. The site is well located within the Avon Park South business park off Route 44, less than a half-mile to the intersection with Route 202 and close to numerous retailers, restaurants and business services.
50 Tower Lane is currently 44% occupied with approximately 43,000 SF of available space, making it ideal for an owner-occupant or value-add investor. The property is available for sale at an asking price of $4,250,000.
Investment highlights
- Building Size: 77,000 SF
- Lot Size: 13.553 acres
- Year Built/Ren.: 1970/1992/2018
- Zoning: IP (Industrial Park)
- Construction: Structural Steel and brick masonry
- Foundation: Concrete Slab
- Roof: Flat Tar & Gravel/Rubber Membrane
- HVAC: 100% air-conditioned
- Electric Service: 2,000 amp
- Lighting: LED
- Parking: 120 surface spaces
- Loading Docks: 5 truck doors & 1 drive-in door
- Estimated RE Taxes: $90,809/year or $1.18/SF based upon assessed value of $2,855,630
- Estimated OPEX: $3.00/SF
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