Mixed-Use Property with Four-Bay
New
For Sale
$486,000
9 Panther Mountain Road, Chestertown, NY 12817
Commercial Sale, Chestertown, NY
Property Size3,444 SF
Lot Size0.52 Acres
Price / SF$141.11
Days on Market3
Property Features for 9 Panther Mountain Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
30
Exterior features
Garden
Basement
Walk-Out Access, Finished, Exterior Entry, Apartment, Interior Entry
Accessibility
Accessible Approach with Ramp
Lot features
Private, Road Frontage, Level
Elementary school
North Warren Central
High school
North Warren Central
Elementary school district
North Warren
Middle school district
North Warren
High school district
North Warren
Directions
From Warrensburg take Rt 9 North to Chestertown. Just before Tops Market, turn Right onto Panther Mountain Road. Property on Left. See sign.
Standard status
Active
APN
522400 104.14-1-12
Size
3,444 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Annual Amount
1741
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Propane (Heating), Radiant, Ductless (Heating)
Cooling system
Ductless, Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Block, Drywall, Vinyl Siding, Wood Siding
Additional Structures
Workshop
Listing Agency:
Julie & Co Realty LLC
(518) 350-7653
Listed By:
Glenn Harris · License #10401337967
(518) 494-8318
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 21 at 5:06AM
MLS# 202628608
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,444-square-foot mixed-use property occupies 0.52 acres and was built in 1970. The upper floor contains an apartment with more than two bedrooms; the main floor has additional living space and a dedicated office area. Two kitchens, two bathrooms, substantial storage and a four-bay garage round out the interior configuration. An outdoor deck, fenced areas and dog doors are also present.
The property is on Panther Mountain Road in Chestertown, just off Route 9. Gore Mountain and Schroon Lake are approximately 15 minutes away, while the Hudson River and Loon Lake are about five minutes away. Zoning is listed as Mixed. Any restaurant, office or residential use remains subject to applicable municipal requirements and approvals.
The property is on Panther Mountain Road in Chestertown, just off Route 9. Gore Mountain and Schroon Lake are approximately 15 minutes away, while the Hudson River and Loon Lake are about five minutes away. Zoning is listed as Mixed. Any restaurant, office or residential use remains subject to applicable municipal requirements and approvals.
Key Highlights
- 3,444 square feet on a 0.52‑acre lot
- Upper‑level apartment with more than two bedrooms
- Main floor includes living space and a dedicated office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,774
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,480
$855.5K
Cap Rate 7%
$611,057
$611.1K
Cap Rate 9%
$475,267
$475.3K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$74.4K $21.60/SF
− Vacancy
−$6.0K −$1.73/SF
EGI
$68.4K $19.87/SF
− OpEx
−$25.7K −$7.45/SF
NOI
$42.8K $12.42/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,480
Cap Rate 7%
$611,057
Cap Rate 9%
$475,267
Alternative Uses
Best Use
Office B
$761.6K
$666.4K – $888.6K
NOI $53,313 @ 7.0% cap · market cap 10.97%
Second Best
Mixed Use
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.03M
$902.0K – $1.20M
NOI $72,159 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 12817, NY
2,142
Population
2,115
Households
1
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
42
Density / Sq Mi
$90,469
Median Household Income
$37,425
Median Earnings
$876
Median Rent
$304,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate apartment, office area, two kitchens and outdoor space provide multiple functional areas within the property.
Where is this mixed-use property located?
The property is located at 9 Panther Mountain Road Chestertown, NY.
What is the asking price?
The asking price for this property is $486,000.
What are key features of this property?
This property features: 3,444 square feet on a 0.52‑acre lot; Upper‑level apartment with more than two bedrooms; Main floor includes living space and a dedicated office area
