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    189 Middlesex Ave Chester, CT 06412

    For Sale
    $4,695,000

    Commercial For Sale - Chester, CT

    Property size:
    21,905 SF
    Lot size:
    3.02 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 189 Middlesex Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    APN
    941509
    Size
    21,905 SF
    Lot size
    3.02 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Press/Cuozzo Realtors 203-288-1900x123 [email protected]

    Listing agent Stephen Press (203) 288-1900

    Listing date Oct 27, 2025

    MLS# 24120456 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity in Chester

    Located in Chester, Connecticut, the property at 189-191 Middlesex Avenue presents a fully leased, mixed-use investment opportunity. The 21,905 square foot complex, constructed in 1986, is situated on a 3.02-acre lot within a commercial zone (C). The property features a mix of retail, office, and residential spaces, occupied by established long-term tenants. Ample on-site parking is available for tenants and visitors. The property benefits from high visibility on a well-trafficked state road and has been well-maintained by the current ownership for 19 years. The location offers convenient access to Route 9 and Exit 3 on Route 154, with proximity to Chester Village, a hub for dining, shopping, and scenic attractions. The property has strong financials with projected 2025 Net Operating Income (NOI) of $378,000, significant annual increases, and pass-through for operating expenses. Chester offers a blend of New England charm and commercial opportunity, with historic appeal, picturesque views, and a strong community.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.444005
    Latitude
    41.418851

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with retail, office, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 189 Middlesex Ave Chester, CT.
    What is the asking price?
    The asking price for this property is $4,695,000.
    What are key features of this property?
    This property features: - Fully leased mixed-use property with established tenants, ensuring stable and consistent revenue.; - Projected 2025 Net Operating Income (NOI) of $378,000, indicating strong financials.; - Significant annual increases and pass-through for operating expenses.
    (203) 288-1900
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    Chester, CT 06412
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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
    189 Middlesex Ave Chester, CT 06412
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