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412 E Main Street Yorktown, NY 10535
$1,650,000
  • Commercial
  • NEW
  • Year Built 1973
  • Mixed Use
  • ML# H6334911

Property Details

Overview

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

Key Facts

  • Business Type: Mixed Use, Residential
  • Sale or Rent: Sale
  • School District: Lakeland
  • Zoning: Mixed use /Residential

Additional Features

  • Construction Materials: Frame

Interior & Utilities

  • Heat: Oil, Propane, Hot Water
  • A/C: Central Air
  • Water: Public
  • Sewer: Septic Tank
Listing Information provided courtesy of Howard Hanna Rand Realty  914-245-4422
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com