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Property profile & analytics
FOR SALE
Assisted living facilities

132 Main St Chester, CT 06412

23,467 SF 1.94 ac lot Built 1900
Individually Owned 32-yr Hold Free & Clear
Property ID
US15-0646236
Property summary
AI-generated overview

This exceptional 23,467 square foot commercial property, located at 132 Main Street in Chester, Connecticut, presents a unique redevelopment opportunity. Situated on a generous 1.94-acre lot, the building has served as a nursing home for many years but is now available for conversion to a variety of uses. Its prime in-town location offers unparalleled convenience, with easy access to restaurants, shops, and a grocery store, all within walking distance. The property's versatility makes it ideal for several potential projects, including senior housing, affordable housing, or starter homes. However, significant renovation will be required to adapt the building to a new purpose. Adding to its appeal is a half-acre parking lot directly across the street, providing ample parking for residents or customers. The property's proximity to Route 154 ensures excellent accessibility and visibility. This is a rare chance to acquire a substantial property in a thriving Connecticut town, offering significant potential for a savvy investor or developer. The asking price is $975,000. This represents a compelling investment opportunity in a desirable location with high redevelopment potential. Don't miss this chance to transform this property into a thriving community asset.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1900
Total area 23,467 SF
Lot 1.94 ac (84,506 SF)
Zoning code R-5
APN CHES M:14 B:494
UPID US15-0646236
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Apple Rehab Chesterfields Medical Clinic
  • Angel Kendrick Physician
  • Cassie Babcock Physician
  • TIMOTHY A TOBIN Physician
  • Schaffner Andrea MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
Brian Foley · 32 yrs held
Brian Foley
since 1993
6 recorded transactions
2022
Price N/A
2008
Price N/A
2002
Price N/A
1993
$1.6M
1987
Price N/A
1969
Price N/A
Zoning & alternative use
R-5 · Chester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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