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13 Mountain Ave Highland Falls, NY 10928

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For Sale
$1,400,000

Two commercial buildings with six units in total for sale.

Lot size:
0.14 Acres

Property Features for 13 Mountain Ave

General Information

Standard status
Active
Lot size
0.14 Acres

Building Details

Year built
1950

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Listing Contact
George K Koudounas
George K Koudounas
Source: Corcoran

Listing Agency: RE/MAX BENCHMARK REALTY GROUP Listing Agent: George K Koudounas

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Highland Falls Mixed-Use Investment

For the first time in 50 years, a mixed-use property in Highland Falls is available for sale. The property features two commercial buildings on a single parcel, comprising a total of 6 units and 9145 square feet. There are five well-maintained residential apartments, totaling approximately 6345 square feet, along with a large storage area currently utilized by the landlord. Additionally, there is one commercial garage unit, spanning approximately 2000 square feet, presently used as a contractor's space. The residential units consist of four 2-bedroom apartments and one 1-bedroom apartment. The walkout basement is currently used by the landlord but offers potential for additional income generation. Residential tenants are responsible for their electric and heating expenses. The commercial garage tenant covers all utilities, including water and sewer. Municipal trash pickup is included in the taxes. Rents are currently below market value, with long-term tenants in place, and all leases are month-to-month. The property is connected to municipal water and sewer services and uses natural gas for fuel. The landlord is responsible for cold and hot water, sewer, school and property taxes, and insurance. Limited parking is available on the side of the building for tenants. The income-producing property offers various possibilities and is conveniently located just steps from municipal parking, the town center, parks, services, amenities, restaurants, a bank, retail stores, a school, and the main entrance to West Point.
Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Highland Falls
County
Orange
State
New York
Longitude
-73.967077
Latitude
41.3690535

FAQs

What type of property is this?
Mixed-use property - Two commercial buildings with six units in total for sale.
Where is this mixed-use property located?
The property is located at 13 Mountain Ave Highland Falls, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: - Income-producing property featuring 6 units.; - Significant potential to increase rental income.; - Two commercial buildings totaling 9145 sq. ft. on one parcel.
More about this property
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