Regions Commercial Real Estate Advisors is proud to exclusively present the opportunity to acquire a flexible modern Medical/Biotech/Corporate building on a lush 20-ACRE WATERFRONT campus at 613 New Britain Avenue in Farmington, Connecticut. The 34,612-square-foot facility was originally constructed in 1990 and fully renovated in 2018. The well-maintained two-story building will be delivered vacant, making this as a substantial opportunity for a user looking for turnkey space or conversion to Medical/Biotech, Multi-family, Industrial, event facility or horse property. A savvy value-add investor could also strategically lease the space to capture strong local submarket performance as this premier property hasn't been available in 20 years. The Farmington Office Submarket has outperformed the greater MSA with shrinking vacancies down 2% YOY and growing rents up 3.4% over the past three years. 
 
613 New Britain benefits from a highly accessible location and Interstate 84. The building is just minutes from the Farmington Avenue commercial corridor, home to many local restaurants and national retailers. The property is ideally suited for a wide range of industries but offers particular synergy to a business in the healthcare field. The region’s two largest employers, the 224-bed UConn Health System and the 187-bed Connecticut Children’s Medical Center, allow for meaningful and lucrative corporate partnerships for a tenant in a similar field.  The Jackson Laboratory for Genomic Medicine opened a world-class research facility nearby where researchers focus on human and mammalian genetics expertise.  JAX Genomic Medicine, next to the UConn Health campus, facilitates clinical collaboration with Connecticut’s many universities and hospitals.
 
Farmington is a scenic and historic suburb 10 miles west of Hartford at the hub of major Interstate 84 interchanges. The area is well connected, sitting just 20 miles south of Bradley International Airport and two hours by car from New York City and Boston. Farmington is full of perfectly preserved historic architecture and was once dubbed the “Village of Pretty Houses” by President George Washington. The city has emerged as a popular hub for major employers and Fortune 500 companies, attracted to its central location with access to the Northeast’s most valuable metro areas. Headquarters and vital operation centers sit nearby for notable businesses, including Cisco Systems, Raytheon, Otis Elevator Company, Carvel, Bank of America, Trumpf machine company, and Stanley Black & Decker. 
 
The 10-mile area surrounding 613 New Britain Avenue provides a first-rate demographic profile of potential clients and employees, including a growing population of over 494,000, with daytime employment of over 307,000. Residents are well-educated, with 94% graduating high school and 73% pursuing some form of higher education. A strong local average household income of over $120,000 has resulted in robust consumer spending surpassing $6.2 billion during 2022. 
 
A turnkey medical office on a green 20 ACRE WATERFRONT campus close to Fortune 500 operation centers and the UConn Health System makes 613 New Britain Avenue the perfect place to invest in or grow a business.   Property is also suitable as an event, wedding or horse facility as well as multifamily conversion.