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4 Unit Mixed-Use Investment Property 93 Windermere Ave 3,714 SF 100% Leased Retail Building Greenwood Lake, NY 10925 $1,195,888 CAD ($321.99 CAD/SF) 7.36% Cap Rate
Investment Highlights
- Great rental history, tenant paid, separately metered utilities.
- Excellent Main St location, corner property, private parking lot +/- 12 spaces.
- Close to Lake, skiing, wineries, apple orchards, restaurants, new developments.
- All units renovated and updated, opportunity to split retail into two separate units.
- Opportunity for user for the retail space, bagel store.
Executive Summary
Village of Greenwood Lake, four-unit mixed-use investment or user property. excellent rental history, separate tenant paid utilities, private parking, corner property. Large, recently renovated street level commercial space (former retail/bagel store), day-spa and 2 updated apartments. Highly visible main street location, 3,460 cars pass per day. +/- 14 private parking spaces in the rear and side. Natural gas, municipal water, septic. The two apartments and the day spa are beautifully renovated/updated and are fully rented. CS Central Shopping Zoning. Blocks from the Lake, close to new commercial development, ski slopes, wineries, breweries, apple orchards, Greenwood Lake straddles NY and NJ. Opportunity for user: The large retail space +/- 1,800 sq ft is available and also has the potential to reopen quickly as a bagel store; the business assets and equipment are available to purchase separately.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,714 SF
Building Class
C
Year Built/Renovated
1987/2024
Price
$1,195,888 CAD
Price Per SF
$321.99 CAD
Cap Rate
7.36%
NOI
$88,063 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.22 AC
Zoning
00400 - CS Central Shopping
Frontage
65’ on Windermere Avenue
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 335403-308-000-0002-019.000-0000 | Improvements Assessment | $25,759 CAD |
| Land Assessment | $29,341 CAD | Total Assessment | $55,100 CAD |
Property Taxes
Parcel Number
335403-308-000-0002-019.000-0000
Land Assessment
$29,341 CAD
Improvements Assessment
$25,759 CAD
Total Assessment
$55,100 CAD
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4 Unit Mixed-Use Investment Property | 93 Windermere Ave
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