Property profile

106 Main St Chester, NY 10918

OFF-MARKET
Investment properties
Property ID
US63-0064030
3,730 SF 0.1 ac lot Built 1940
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1940
Total area 3,730 SF
Lot 0.1 ac (4,350 SF)
Zoning code B1
APN 332201 111-7-4
UPID US63-0064030

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Marketing & Advertising Printing Service
  • High School Vocational School
  • (Bike/Boat/Book/etc) Store

Location

106 Main St Chester, NY 10918-1325
Chester metro Census 14301 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2024
Last sale
$480,000
5 recorded transactions
2024
$480,000
2024
Price N/A
2023
$925,000
2018
$620,000
2004
$159,000

Zoning & alternative use

B1 · Chester, NY

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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