1 Winkler Pl Chester, NY 10918

This historic three-story mixed-use building in downtown Chester, NY, presents a compelling investment opportunity. The 7,493 square foot property, situated on a 0.1-acre lot, features a blend of retail and residential units. The first floor comprises three retail spaces, including a currently operating ice cream shop and a vacant unit, along with a large workshop/office area. The second floor offers two office spaces, a two-bedroom apartment, and additional storage space. The third floor contains a two-bedroom apartment and a one-bedroom apartment. All apartments are spacious and include ample storage. The building boasts beautiful original detailing and has undergone extensive renovations, including complete electrical and plumbing updates. Recent improvements include new exterior paint and a first-floor hot water heater. The property includes off-street parking for four vehicles, with ample street parking also available. Its prime location offers convenient access to Route 17 and the New York State Thruway (within 10 miles). The current NOI is $31,132, with a pro-forma NOI of $91,132, projecting a 9% cap rate. The permitted zoning is B1 (Mixed Use). This well-maintained property offers significant upside potential and is a rare find in this desirable location. The building's history adds to its unique appeal, situated near the Heritage Trail and within walking distance of other businesses in Chester's revitalized downtown. This is a turn-key opportunity for an investor seeking a strong return on investment in a thriving community. The property is offered for sale at $1,000,000.