1355 Kings Hwy, Chester, NY 10918-3105
This exceptional commercial property, located at 1355 Kings Hwy in Chester, NY, presents a unique investment opportunity. The two-story building offers 3,600 square feet of existing space situated on a generous 2.3-acre lot boasting 500 feet of stunning lake frontage. Its prime location within the historic Sugar Loaf district offers unparalleled visibility and accessibility. The property benefits from its position along the popular Sugar Loaf Artisan Hamlet Walking Path, surrounded by thriving businesses including the Sugar Loaf Performing Arts Center and numerous boutiques and shops. Proximity to local breweries, wineries, Goosepond Mountain, Warwick State Park, Castle Fun Center, LEGOLAND, and Mount Peter Ski Area adds to its appeal. Convenient access to major interstate highways (I-84, Route 6, and Route 17) within a 15-minute drive enhances its logistical advantages. Previous preliminary approvals exist for a significant expansion to 7,800 square feet, making it ideally suited for a variety of uses, including a farm-to-table restaurant, tasting room, brewery, or wedding venue. The LB-SL zoning district allows for expansive development possibilities. This property's combination of location, size, and potential makes it an exceptional investment opportunity. The existing structure provides immediate income potential while the expansion possibilities offer significant long-term growth.
-
SPM Associates Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LBSL · Chester, NYChester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.