3436 Lexington Ave - Restaurant FOR SALE


Mohegan Lake, NY 10547
$1,595,000 USD
914-589-3759
3436 Lexington Ave, Mohegan Lake, NY for Sale
$1,595,000 USD
Restaurant - FOR SALE
1/20
null | Request Cap Rate

3436 Lexington Ave
Mohegan Lake, NY 10547


HIGHLIGHTS

  • Prime location right off Route 6 offers excellent visibility and accessibility
  • High-visibility location with built-in rental income and month-to-month tenant above restaurant in 2-BR apartment
  • Restaurant accommodates 100 guests with a variety of dining options including an outdoor patio. Ample parking for 30 vehicles

OVERVIEW

The restaurant generates $8,000 per month in rental income and has a 5 year lease. Ample parking is available with around 30 spaces at the rear and side of the property for customers. Above the restaurant, a spacious 2-bedroom apartment, currently occupied by a month-to-month tenant, generates $3,000 per month in rental income - providing an immediate additional revenue stream. Fantastic opportunity for an owner-operator or investor seeking a high-visibility location with built-in income potential. Owner also has three other properties for sale and would prefer to sell all 4 as portfolio, together including: 3436 Lexington Ave (this listing), 3426 Lexington Ave, 3432 Lexington Ave, and 2002 E Main Street.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$736 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,978 SF

ZONING

C-2

APN/PARCEL ID

5400-015-019-00001-000-0025

ASK ABOUT THIS PROPERTY

Jill MillerWilliam RaveisMore Info
914-589-3759

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Jill MillerWilliam RaveisMore Info
914-589-3759

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