Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
LBSL · Chester, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LBSL in Chester, NY.
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