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    Specialty properties

    248 County Road 1, Chenango Forks, NY 13746

    1,550 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.01-acre property in Chenango Forks, NY, presents a unique investment opportunity. The existing 1,550 square foot post-and-beam structure boasts high ceilings, a poured concrete walk-out basement, and a large 60x40 deck overlooking scenic Chenango County hills. Perfectly suited for a variety of commercial uses, the property has successfully hosted numerous events, including wine tastings, live music, and private parties. Existing infrastructure includes an outdoor bar, picnic tables, a walk-in cooler, and retail displays. Ample parking (over 50 spots) and space for event tents ensure seamless guest access. Located just a mile from Route 12 and 15 minutes from Binghamton, this property offers convenient access and significant potential. The expansive lot allows for future expansion, including additional buildings or landscaping features. Priced at $325,000, this turnkey operation is ready for its next chapter. The property's zoning allows for both commercial and potential residential development. The location offers a blend of rural tranquility and convenient access to urban amenities. This versatile property is an ideal investment for entrepreneurs seeking a unique and established business opportunity or those looking to create a custom residential retreat. The existing infrastructure minimizes start-up costs, allowing for immediate revenue generation or personalized development.

    Property profile
    Verified
    Property type Specialty properties
    Total area 1,550 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
    Current use
    Occupant on record · Public records
    • Madrona Tasting Room Brewery & Distillery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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