Versatile Commercial Property with
3 And 11 Lohmaier Lane Lake Katrine, NY 12449
For Sale
$795,000
Pending
Mixed-use property with restaurant, apartments, and duplex for sale.
Property Size6,273 SF
Lot Size38,189.00 Acres
Days on Market241
Property Features for 3 And 11 Lohmaier Lane
General Information
Standard status
Pending
Size
6,273 SF
Lot size
38,189.00 Acres
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
WEICHERT, REALTORS THE SPIESMA
(845) 336-2633
Listed By:
CELESTE LUKASZEWSKI
Source:
Corcoran
Added: Nov 29, 2025
Changed: Jul 10
Last Checked: Jul 23 at 7:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT, REALTORS THE SPIESMA
Investment Insights
Based on property information with market context.
This 6,000+ sq. ft. commercial property offers business, residential, and investment potential in a prime location with commercial zoning. High-visibility signage faces a major highway, ensuring excellent exposure. The main building is configured for various uses, including a restaurant with a bar, a spacious banquet room, and dedicated office space suitable for administrative operations, client meetings, or additional rental space. Above the kitchen area, there are two well-maintained accessory apartments and a one-bedroom apartment, ideal for on-site living, staff housing, or rental income. The property also includes a separate duplex with two-bedroom units, offering additional rental income or extended housing options. This setup is suited for an entrepreneur, investor, or business owner seeking a strong presence with multiple income streams. Ample parking for 33 vehicles makes this location ideal for high-traffic operations such as dining, events, or professional services.
Key Highlights
- Two properties for the price of one: a 6,000+ sq. ft. commercial building and a separate duplex.
- Prime location with commercial zoning and high‑visibility signage facing a major highway.
- Multiple income streams from restaurant/bar, banquet room, office space, three apartments, and a two‑unit duplex.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $18.00 |
| − Vacancy | −$6.8k | −$1.08 |
| EGI | $106.1k | $16.92 |
| − OpEx | −$39.8k | −$6.34 |
| NOI | $66.3k | $10.58 |
6,273 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,217 @ 7.0% cap · market cap 15.50%
Second Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,129 @ 7.0% cap · market cap 10.20%
Theoretical Best
Multifamily LT 5
$58.66M
$51.33M – $68.44M
NOI $4,106,453 @ 7.0% cap · market cap 516.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with restaurant, apartments, and duplex for sale.
Where is this mixed-use property located?
The property is located at 3 And 11 Lohmaier Lane Lake Katrine, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two properties for the price of one: a 6,000+ sq. ft. commercial building and a separate duplex.; Prime location with commercial zoning and high‑visibility signage facing a major highway.; Multiple income streams from restaurant/bar, banquet room, office space, three apartments, and a two‑unit duplex.
