Commercial in Westchester
| MLS Number | 6334911 |
|---|---|
| Address | 412 E Main Street, Jefferson Valley, NY 10535 show map |
| Price | $1,650,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1973 |
| Est. Sq. Footage | 0 |
| Zoning | Mixed use /Residential |
| Current Uses | |
| Permitted Uses |
This exceptional investment opportunity features a mix of residential and commercial properties, ideal for income generation and future development. The portfolio includes a five-bedroom main house with a renovated kitchen and living areas, a duplex with a one-bedroom unit and a two-bedroom unit, and a separate cottage with its own amenities. Additionally, a bar/restaurant, currently non-operational and in need of renovations, presents a chance for significant value enhancement. Above the bar, there are two residential units. The property offers ample land with parking for 10-15 cars near the bar/restaurant and additional spaces for the duplex, enhancing accessibility for customers. Located near Osceola Lake, this portfolio benefits from recreational appeal, making it attractive. With existing leases in place, the investment boasts strong income potential and a cap rate of 6.4%. Also includes adjacent property at 3764 Wood St Tax ID 55540000601700010710000000
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