106 Main St Chester, NY 10918-1325
- Investment properties
- 3,730 SF
- 0.10 lot acres
Current Use by Public Records
- Mac Media USA, Inc. / Commercial Printer
- Music School & Lessons in Chester NY / Educational Institution
- Native Organics / Smoke Shop / Vaporizer Store
Property Details for 106 Main St
- Year built
- 1940
- Lot size
- 0.10 lot acres
- Property size
- 3,730 SF
- Zone code
- B1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 332201 111-7-4
- APU
- 33220111174
Description
This exceptional commercial property, located at 106 Main Street in the heart of Chester, NY, presents a unique investment or user opportunity. Situated on a signalized corner with high foot traffic at the intersection of Main Street (Route 94) and Academy Avenue, this property boasts unparalleled visibility and accessibility. The building offers approximately 3,730 square feet of versatile retail, office, and warehouse space, all on one floor with commercial concrete flooring. Key features include multiple units (currently configured as one 450 sq ft smoke shop and the potential for 2-3 additional units), showcase windows, drive-in overhead doors, and a convenient loading dock in the rear. Ample parking is available both on-site and on the street. The property benefits from municipal water, sewer, and natural gas connections. A new roof was installed in 2023, adding to the property's value and reducing maintenance concerns. The building also includes a small basement. This prime location, combined with its flexible layout and recent improvements, makes this property an ideal choice for a variety of businesses seeking a thriving location in Chester Village. The property's walkways are designed to accommodate foot traffic, further enhancing its business potential. This is a rare chance to acquire a well-positioned commercial space in a desirable and busy area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $460,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $375,000
- Mixed-Use
- $410,000
- Hospitality
- $370,000
- Educational
- $420,000
- Residential Income
- $430,000
- Energy
- $370,000
- Income-Based Land
- $475,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Orange
- State
- New York
- Longitude
- -74.2777
- Latitude
- 41.3558
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA