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    Hospitality properties

    6369 Main St, Chestertown, NY 12817

    6,000 SF 0.15 ac lot Built 1893
    Property ID
    Property summary
    AI-generated overview

    The Remington Building, a historic 1893 structure completely renovated in 2024, presents a unique investment opportunity in Chestertown, NY. This 6,000 square foot, three-level mixed-use property sits on a 0.15-acre lot and is zoned for commercial use. The main level houses a well-established restaurant, popular with both locals and tourists. The second floor boasts a tastefully remodeled four-bedroom, four-bathroom apartment featuring king-sized beds in each ensuite bedroom, 11-foot ceilings, a gourmet kitchen with granite countertops and stainless steel appliances, a double-sided fireplace, and outdoor amenities including a porch, bocce ball court, and fire pit. This space is ideal for short-term rentals or owner occupancy. The lower level offers versatile space, perfect for a wine cellar, gallery, spa, or other creative uses. The property's central location in the Adirondacks, near Lake George, Saratoga, Gore Mountain, and Lake Placid, provides excellent access to popular tourist destinations. This is an exceptional opportunity to acquire a profitable, historic property with significant upside potential in a desirable location. The asking price is $749,000.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1893
    Total area 6,000 SF
    Lot 0.15 ac (6,534 SF)
    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
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