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Renovated Banquet Event Venue
For Sale
$600,000
Pending

48 Kingsbury Avenue, Tolland, CT 06084

Fully renovated commercial building suitable for various catered events.

Property Size10,080 SF
Lot Size0.88 Acres
Days on Market571

Property Features for 48 Kingsbury Avenue

General Information

Standard status Pending
Size 10,080 SF
Lot size 0.88 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $12,662

Amenities

Central air
Central Air Cooling
Dry
Flat Roof
Gutters
Hot Air Heating
Level Lot
Lighting
Treed
Zoned Cooling
Zoned Heating

Building Details

Year Built 1969
Listing Agency: NextHome Elite Realty
Listed By: NORM HAMILTON · License #133571,PersonLicenseNumber
Source: Corcoran
Added: Jan 14, 2025 Changed: Aug 8 Last Checked: Aug 8 at 2:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Elite Realty

Investment Insights

Based on property information with market context.

This fully renovated commercial building is currently configured as a banquet and event venue, suitable for hosting catered events. It features multiple function rooms of varying sizes, accommodating weddings, baby showers, awards ceremonies, birthdays, sweet sixteen parties, and banquets. The interior includes two levels with new porcelain flooring, new LED lighting, and new windows. Restrooms have been updated on both floors. The property offers kitchen-ready workspaces for caterers, equipped with portable food warmers and refrigerated cooling units. A newly paved asphalt parking lot is available. Heating systems and central air conditioning have been updated. The first floor has new electrical systems, and a new septic system has been installed. A new fire alarm system with 24-hour monitoring is in place. The exterior features a gazebo and picnic area. The property is located minutes from Interstate 84, approximately 90 minutes from Boston and Providence, positioning it as a destination for events in Connecticut and Massachusetts. The building provides over 10,000 square feet of space. The property is located in Tolland, CT.

Key Highlights

  • Fully renovated commercial building ideal for a Banquet Event venue with multiple function rooms.
  • Over 10,000 sq ft of versatile space, suitable for various business ventures.
  • Prime location minutes from Interstate 84, convenient access to Boston and Providence.

Property Analytics

Current Use

Wedding venues

Suggested Use

Top Pick Dental Office HVAC Service Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

260
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Exxon Shops & Services
4,690 visits/mo 0.4 miles
M&T Bank Shops & Services
4,405 visits/mo 0.5 miles
Extra Space Storage Shops & Services
712 visits/mo 0.3 miles

Demographics for 06084, CT

14,598
Population
5,375
Households
2.7
Avg Household Size
44
Median Age
56%
College-Educated
98%
High-School Grad
40.1 sq mi
ZIP Area
364
Density / Sq Mi
$135,688
Median Household Income
$70,807
Median Earnings
$1,459
Median Rent
$332,300
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Wedding venue - Fully renovated commercial building suitable for various catered events.
Where is this wedding venue located?
The property is located at 48 Kingsbury Avenue Tolland, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully renovated commercial building ideal for a Banquet Event venue with multiple function rooms.; Over 10,000 sq ft of versatile space, suitable for various business ventures.; Prime location minutes from Interstate 84, convenient access to Boston and Providence.
More about this property
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