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    Property profile & analytics

    248 County Road 1 Chenango Forks, NY 13746

    • Specialty properties
    • 1,550 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Madrona Tasting Room / Winery

    Property Details for 248 County Road 1

    Property size
    1,550 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chenango Forks
    County
    Broome
    State
    New York
    Longitude
    -75.8291
    Latitude
    42.2673

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      29.38 Acres

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      17.00 Acres

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    248 County Road 1
    Chenango Forks, NY 13746
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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