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Property profile & analytics
FOR LEASE
Truck terminals

29 Elizabeth Dr Chester, NY 10918

404,550 SF 35.9 ac lot Built 1998
Individually Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US63-3337813
29 Elizabeth Dr, Chester, NY 10918 For Lease
$5,025,000 401,746 SF available
29 Elizabeth Dr, Chester, NY 10918
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Property summary
AI-generated overview

This exceptional 401,746-square-foot industrial facility, located at 29 Elizabeth Drive in Chester, NY 10918, presents a unique investment opportunity. Situated on 35.9 acres, this single-tenant building boasts a 30-foot clear height, 52 loading docks, and 52 dock-high doors, complemented by one drive-in door. The property features ample parking with space for 194 cars and 90 trailers, ensuring efficient operations. Currently undergoing a $3 million renovation, including repaving, LED lighting upgrades, and new HVAC systems, this Class A building will offer modern amenities upon completion. The building's features include an ESFR sprinkler system, approximately 9,000 square feet of office space, and a column spacing of 55 feet (east-west) by 39 feet (north-south). The property benefits from a strategic location, just one mile from NY Route 17 Exit 126, seven miles from the NY Thruway (Interstate 87) Exit 16, and nine miles from Interstate 84 Exits 15 and 19. Its proximity to major transportation arteries provides easy access to the New Jersey state line (25 minutes to Mahwah), the George Washington Bridge (one hour), and Port Newark/Elizabeth (60 miles). The property is fully fenced and secure, with multiple points of ingress and egress. Power is supplied by a 4000-amp, 480/277-volt system, partially supplemented by rooftop solar panels. The zoning allows for office, flex, light manufacturing, warehouse, and distribution uses. The annual property taxes are $1.57 per square foot. This is a prime opportunity to acquire a state-of-the-art industrial property in a thriving Orange County location.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1998
Total area 404,550 SF
Lot 35.9 ac (1,563,804 SF)
Zoning code M1
APN 332201 119-1-1.12
UPID US63-3337813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Keystone Freight Trucking Company
  • Pep Boys Distribution Center (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.03M
Owner & transaction history
Pep-boys Of Delaware A Delawar · 17 yrs held
Pep-boys Of Delaware A Delawar
since 2008
1 recorded transaction
2008
$16.8M
Zoning & alternative use
M1 · Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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