$384,500
$419,500
8.3%For more information regarding the value of a property, please contact us for a free consultation.
4,835 SqFt
SOLD DATE : 01/22/2021
Key Details
Sold Price $384,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,835 sqft
Price per Sqft $79
MLS Listing ID 170281481
Sold Date 01/22/21
Year Built 1850
Annual Tax Amount $6,519
Lot Size 0.310 Acres
Property Description
Great Investment property on a highly visible corner lot on Main St. and Rte. 154 just steps from downtown Chester. Two long-term commercial tenants occupy the first floor with 3 apartments on 2nd floor, 2 two-bedroom (one with separate entrance) and 1 one-bedroom. The building was completely renovated in 1986 with all new mechanicals, electrical, plumbing as well as all interior finishes throughout, including new sheet rock and paint in apartment bathrooms and kitchens. The exterior has been maintained on a regular basis, most recently a few months ago when the entire facade received professional detailing of siding, trim and flashing maintenance. The two (2) first floor commercial units are in excellent condition with above average finishes and well maintained by each tenant. Each unit has independent oil heat and central air with separate metered utilities. All apartment units have individual hot water heaters in basement and each has electric heat with all utilities paid by tenants. There is ample parking for all tenants and guests at the rear of the building. The entire lot was repaved 8 years ago and is in excellent condition. Lighting is controlled by lighting sensors for both the parking lot area and the common areas within the building.
Location
State CT
County Middlesex
Zoning R-5
Interior
Heating Baseboard, Hot Air
Cooling Central Air
Flooring Tile, Vinyl, Wood
Exterior
Garage Paved, Parking Lot
Utilities Available Electric, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot
Story 3
Foundation Masonry, Slab
Sewer Septic
Water Public Water Connected
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Bought with Thomas Clancy • William Pitt Sotheby's Int'l
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Broker | REB.0791464