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Property profile & analytics
OFF-MARKET
Retail space

56 Middlesex Ave Chester, CT 06412-1347

6,348 SF 0.72 ac lot Built 1900
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US15-0116713
Property summary
AI-generated overview

This exceptional 6,384 square foot commercial building, situated at 56 Middlesex Avenue in Chester, Connecticut, presents a unique investment opportunity. Boasting a fully equipped, state-of-the-art kitchen, this property is ideally suited for a variety of commercial ventures. The building's electrical and plumbing systems have been recently updated, ensuring efficient and reliable operation. Furthermore, the property is prepped for solar power installation, offering significant potential for energy cost savings. Previously utilized as a market, this location benefits from an estimated daily traffic count of 19,000 vehicles, guaranteeing high visibility and accessibility. The 0.72-acre lot provides ample space for potential expansion or outdoor activities. Its convenient location places it within walking distance of Chester Village Center, offering easy access to a vibrant array of restaurants and shops, further enhancing its appeal and potential for attracting customers. This property represents a rare blend of functionality, modern amenities, and prime location, making it an exceptional investment opportunity in a thriving Connecticut community. The building's size, coupled with its strategic location and modern infrastructure, makes it an attractive proposition for a wide range of commercial uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 6,348 SF
Lot 0.72 ac (31,363 SF)
Zoning code R-5
APN CHES M:15 B:40
UPID US15-0116713
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ceres Holdings LLC · 19 yrs held
Ceres Holdings LLC
since 2006
6 recorded transactions
2006
$400,000
2006
Price N/A
1998
Price N/A
1997
Price N/A
1991
Price N/A
1990
Price N/A
Zoning & alternative use
R-5 · Chester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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