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    48 Kingsbury Ave Tolland, CT 06084

    Sponsored
    For Sale
    $800,000

    10,000 sq ft. renovated commercial building, ideal for events or flexible use.

    Property size:
    10,080 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This fully renovated 10,080 square foot commercial building in Tolland, CT, presents a unique opportunity. Currently configured as a banquet and event venue, it's ready to host a variety of functions. The space boasts multiple function rooms suitable for weddings, showers, corporate events, and more. Interior features include two levels of brand new porcelain flooring, updated LED lighting, and all new windows. Restrooms have been completely renovated on both floors. Caterers will appreciate the kitchen workspace equipped with portable food warmers and refrigerated cooling units. Exterior improvements include a newly paved asphalt parking lot and a gazebo/picnic area. The building benefits from newly updated heating and central air conditioning systems, new first-floor electrical, a brand new septic system, and a new fire alarm system with 24-hour monitoring. Located on a 0.88-acre lot, this property offers convenient access to Interstate 84, placing it within 90 minutes of both Boston and Providence. The versatile space allows for a variety of uses beyond event hosting, providing over 10,000 square feet for your business needs. All viewings require 24-hour notice.

    Property Features for 48 Kingsbury Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,080 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1969
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tolland
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.42487
    Latitude
    41.86592

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    FAQs

    What type of property is this?
    Commercial real estate - 10,000 sq ft. renovated commercial building, ideal for events or flexible use.
    Where is this commercial real estate located?
    The property is located at 48 Kingsbury Ave Tolland, CT.
    What is the asking price?
    The asking price for this property is $800,000.
    (413) 391-1969
    Request Owner's contact information
    48 Kingsbury Ave Tolland, CT 06084
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    Tolland, CT 06084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Kingsbury Ave Tolland, CT 06084
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