Refurbished Westchester Commercial Property For
3120 Lexington Ave Mohegan Lake, NY 10547
For Sale
$2,700,000
Two buildings totaling over 15,000 SF on 2.75 acres.
Property Size15,000 SF
Lot Size2.75 Acres
Price / SF$180
Days on Market182
Property Features for 3120 Lexington Ave
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 2.75 Acres
Listing Agency:
Coldwell Banker Realty
(917) 297-0914
Listed By:
Charles Whang · License #40WH1046960
(917) 297-0914
Source:
Exprealty
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 27 at 6:05AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property in Westchester features two commercial buildings totaling over 15,000 square feet on 2.75 acres. The entire property has been recently refurbished from top to bottom, including HVAC, a backup generator, bathrooms, flooring, overhead doors, and roofing, among other improvements. One building is a 7,500 square foot retail/showroom space with 12-foot ceilings, currently owner-occupied by an Ace Hardware. The other is a warehouse with ceiling heights ranging from 25 to 30 feet, a loading dock, and two grade-level doors. The existing parking lot can accommodate over 20 vehicles. The property is suitable for a contractor's office or a sports-related facility such as indoor pickleball, lacrosse, golf, or ice hockey. Also included in the sale is an adjacent 1.35-acre undeveloped parcel, bringing the total acreage to 2.75 acres. Existing businesses are also for sale.
Key Highlights
- 2.75 total acres including a 1.35 acre undeveloped parcel.
- Two commercial buildings totaling over 15,000 SF.
- Recently refurbished top‑to‑bottom including HVAC, backup generator, bathrooms, flooring, overhead doors, and roofing.
Financial Insights For Warehouse
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 | $288.0k | $19.20 |
| − Vacancy | −$17.6k | −$1.17 |
| EGI | $270.4k | $18.03 |
| − OpEx | −$40.6k | −$2.70 |
| NOI | $229.9k | $15.32 |
15,000 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$4.53M
$3.96M – $5.29M
NOI $317,167 @ 7.0% cap · market cap 11.75%
Second Best
Warehouse
$3.28M
$2.87M – $3.83M
NOI $229,867 @ 7.0% cap · market cap 8.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lakeside Hardware & Bldg ...
Building Supply
Resharp
Sharpening Service
Ace Hardware
Building Supply
FAQs
What type of property is this?
Mixed-use property - Two buildings totaling over 15,000 SF on 2.75 acres.
Where is this mixed-use property located?
The property is located at 3120 Lexington Ave Mohegan Lake, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 2.75 total acres including a 1.35 acre undeveloped parcel.; Two commercial buildings totaling over 15,000 SF.; **Recently refurbished top‑to‑bottom including HVAC, backup generator, bathrooms, flooring, overhead doors, and roofing.**
