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29200494
29200502

26 Ferry Rd, Chester, CT 06412

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC
$850,000
142 days on market
Updated 47 days ago

Mixed Use Asset on 2 Acres

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,382
Units 8
Cap Rate 9.32%
NOI $79,187
Price per SqFt $101
Class C
Year Built 1930
Parking Spaces 10 spaces
Parking Per SqFt 1.19
Investment Type Value Add

Mixed Use Asset on 2 Acres - Adaptive Reuse

Marketing description

Located in the Town of Chester, this fully vacant mixed-use property presents a rare opportunity to acquire a distinctive asset in one of Connecticut’s most desirable markets.

As it stands, the property consists of approximately 5,000 square feet of commercial space, including one loading dock, three (3) garages, and an oversized on-site parking lot, supporting a wide range of operational and occupancy needs. The commercial component is currently configured as a combination of studio/gallery space, storage, and warehouse-style areas, broken down into six (6) clearly defined spaces, and features 10+ foot ceiling heights well suited for creative production, exhibition, fabrication, or light industrial-style use. In addition, the property includes two (2) existing 2-bedroom residential apartments, offering flexibility for live/work, income-producing, or owner-occupant scenarios.

The improvements are situated on over 2 acres of land, and a defining feature of the property is its natural and scenic environment. Waterhouse Brook flows directly through the site, creating a tranquil backdrop, while the property enjoys a line of sight toward Gillette Castle, adding to its distinctive character and long-term appeal.

The property has an ownership history linked to the late, renowned conceptual artist Sol LeWitt and served as his first warehouse facility in Chester, supporting the storage and handling of artwork during the early period of his time in the region. Consistent with this context, zoning identifies “Art Facility” as a permitted use within the district, which may support studio, gallery, exhibition, instructional, and live/work applications, subject to applicable approvals and conditions.

The asset is being delivered fully vacant, providing an incoming owner with immediate flexibility to reposition, adaptively reuse, or owner-occupy without lease rollover or displacement risk.

Investment highlights

Fully vacant mixed-use asset offering immediate live/work repositioning potential

±5,000 SF of flexible commercial space with 10+ foot ceilings, loading dock, three garages, and oversized parking

Two (2) existing 2-bedroom apartments supporting live/work or supplemental residential income

Situated on over 2 acres in a campus-like setting with Waterhouse Brook providing a scenic natural backdrop

Listing Contacts

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,187.00
$6,598.92/mo

Valuation Metrics

0
DSCR
9.32%
Cap Rate
9.32%
ROI

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Additional Information

Name
Anthony Velez
License
REB.0795536
Brokerage
VC Property Group
Title
CEO
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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