124 Lincoln Ave - Office FOR SALE


Mount Vernon, NY 10550- North Side
$1,825,000 USD
914-490-8650
124 Lincoln Ave, Mount Vernon, NY for Sale
$1,825,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

NEW


124 Lincoln Ave
Mount Vernon, NY 10550
North Side


HIGHLIGHTS

  • Mixed use, includes a duplex residential at 124 w lincoln
  • lots of car volume giving added visibility
  • Private parking with access to 5 garage bays

OVERVIEW

This is an opportunity to own a legacy property that is perfect for an owner operator or an investor looking to diversify their income streams. It is rear to find a mixed use property like this in lower westchester these days. With 2 residential units in one duplex structure (street number 128), A large 3 car garage with 9 foot doors, a natural gas heater, and its very own bathroom, as well as a 3rd structure offering 3 separate commercial office spaces in addition to 2 more garage bays. The parking area between 124 and 128 will easily fit 10 or so vehicles in addition to the garage spaces. The 3 bay garage space is currently rented to a long term tenant. There is also a beauty salon located on the first floor of the commercial structure with a lease in place. There are plenty of updates that have been made in the recent few years which include new roofs on both the residential and commercial spaces, a new heating system for the 2nd floor residential space, a french drain waterproofed basement by CT basement systems which has a transferrable dryness guarantee, the old oil dank was also removed from the property already. The residential building 1st floor unit has 2 bedrooms and 1.5 bathrooms, with access to a private rear deck area. The 2nd floor of that building is currently leased and is 3 bedrooms, 1 bathroom with two stories, utilizing the 2nd and 3rd floors. All units, residential and commercial has their own heating systems, and electrical which makes having tenants cover their own expenses very easy. Do not let this opportunity get away from you.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,345 SF

ZONING

R-2

APN/PARCEL ID

2801-000-641-00000-000-0007

ASK ABOUT THIS PROPERTY

Adam CherkoEXP CommercialMore Info
914-490-8650

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Adam CherkoEXP CommercialMore Info
914-490-8650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.