Catylist ID:
#30323695
15,000 SF Industrial near Bradley International Airport
Industrial
for Sale
| Catylist Listing ID: | 30323695 |
| Property Subtypes: | Flex Space, Light Industrial |
| Building Size (RSF): | 15,200 SF |
| Gross Land Area: | 0.97 Acres |
| Sale Price: | $725,000 |
| Unit Price: | $47.70 PSF |
| Ceiling: | 14 ft. |
| Docks/Doors: | 1 Dock, 2 Doors |
| Office SF: | 1,720 SF |
| Drive In Bays: | 1 Bay |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | Accurate Welding |
| Usable Size (USF): | 15,200 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/6/2020 |
Overview / Comments
|
A 15,200 square foot modern industrial flex building with an attractive appearance and is ideal for a variety of uses. Consisting of a one-story masonry and steel structure. Featuring finished lavatories, loading dock and two drive-in OHD's. Fully air-conditioned. Can be split to allow for two separate tenant spaces. Located in the Bradley Airport Development Zone. The Bradley Airport Development Zone extends enterprise zone tax incentives to manufacturers and other specified businesses that develop or acquire property in the zone and create jobs. Across from Bradley International Airport. Location is just off CT 75 and the Airport Connector (Rt 20), conveniet to I-91 and midway between Hartford and Springfield. The airport industrial area is between UPS & FedEx facilities with mixed use along Rt 75. A business qualifies for BADZ's the tax incentives if it acquires an idle facility or constructs, substantially renovates, or expands one and uses the facility for specified uses. Eligible uses include: Manufacturing; Performing research and development directly related to manufacturing; Significantly servicing, overhauling, or rebuilding machinery and equipment for industrial uses. Warehousing and motor freight distribution uses qualify for the incentives, but only if they handle goods shipped by air. Business services, including information technology, also qualify for incentives if the Department of Economic and Community Development (DECD) commissioner determines they depend upon or relate directly to the airport. Newly constructed, renovated, or expanded facilities qualify for an exemption based on the value of the improvement. The exemption equals 80% of improvement's assessed value and it is good for five years. Acquired facilities qualify for the same exemption, but it is based on the assessed value of the acquired section. This exemption is also good for five years. Businesses developing or acquiring a facility in the BADZ also qualify for a five-year, 80% exemption on assessed value of machinery and equipment it installs in the facility as part of its development or acquisition. Businesses that qualify for the property tax exemptions also qualify for a 10-year corporation business tax credit equal to the portion of the tax attributable to the facility. (The law specifies how businesses must calculate that amount.) The credit equals 25% of the tax. |
Additional Details
| Nearest MSA: | Hartford-West Hartford-East Hartford |
| County: | Hartford |
| Taxing Authority: | Windsor Locks |
| Tax ID/APN: | 87 |
| Zoning: | IND1 |
| Property Located Between: | Ella Grasso |
| Highway Access: | I-91, CT RT 20, CT RT 75 |
| Airports: | Bradley International Airport |
| Site Description: | Level site with parking |
| Area Description: | Located in a well maintained light industrial area. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 15,200 SF |
| Property Condition: | Excellent |
| Year Built: | 1970 |
| Roof Type: | Gable |
| Construction/Siding: | Metal Siding, Steel Frame |
| Exterior Description: | Attractive and modern light industrial building. |
| Parking Type: | Surface |
| Parking Description: | Onsite parking front of the building. |
| Amps: | 1,000 |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Lighting: | Fluorescent |
| Internet Access: | Cable |
| Interior Description: | Well maintained and clean. |
| Zoning Description: | Industrial |
| Lot Frontage: | 260 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,459 | 21,530 | 69,962 |
| Median Age: | 43.68 | 42.42 | 42.13 |
| Households: | 973 | 7,934 | 27,452 |
Contact
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