Property profile

5204 State Route 9 Chestertown, NY 12817

OFF-MARKET
Mixed-use properties
3.7 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional 3.7-acre mixed-use property, located at 5204 State Route 9 Unit 5204 in Chestertown, New York, presents a unique investment opportunity. Priced at $187,000, the property offers significant potential for a variety of commercial and/or residential uses. The expansive lot provides ample space for development or expansion, allowing for creative adaptation to suit diverse business needs. Its strategic location on State Route 9 ensures high visibility and convenient access for customers and employees. The property's versatility makes it ideal for entrepreneurs seeking a prominent location to establish their business, or for investors looking for a strong return on investment. The absence of existing building square footage allows for complete customization of the property to meet specific requirements. This presents a blank canvas for a new construction project tailored to the buyer's vision, maximizing potential and minimizing pre-existing limitations. The substantial acreage offers possibilities beyond the immediate building footprint, perhaps including outdoor storage, parking, or landscaping to enhance the property's appeal and functionality. This is a rare chance to acquire a significant parcel of land in a desirable location, offering unparalleled flexibility and potential for future growth. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is.

Property profile

Verified
Property type Mixed-use properties
Year built 1900
Lot 3.7 ac (161,172 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5204 State Route 9 Chestertown, NY 12817
Chestertown metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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