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Commercial in Westchester County
MLS Number4980611
Address1821 East Main Street, Mohegan Lake, NY 10547-1271 show map
Price$2,350,000 show mortgage calculator
Acres0.0000
Year Built0
Est. Sq. Footage9600
ZoningC2
Current Uses
Permitted Uses
Remarks

Unique investment opportunity to own half of the corporation that owns this development site, or to own in its entirety. The property cash flows as is ( 4.5% Cap Rate) with approvals for 4 residential units on 2nd floor and to build another mixed use commercial building on property with 3 commercial and 3 residential units. The construction costs to finalize estimated between $800,000 and $1,000,000. When finalized, the building will be worth $4,226,000 at a 7% Cap Rate.

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