Building Details

Year Built 1930

Listing Agency: William Raveis Real Estate D***@thekerwarteam.com Show Phone

Listed By: Diane M. Madden Show Phone

Source: Elliman

Added: Jun 12 Changed: Jul 10 Last Checked: Jul 31 at 11:45AM

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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 William Raveis Real Estate

Investment Insights

Based on property information with market context.

This for-rent restaurant space is described as brand new and fully installed, and it has never been used. The offering is presented as turn-key for restaurant operations, with the property being ready for immediate use upon move-in.

The property is located at 3432 Lexington Ave in Lake Mohegan, NY 10547. The available remarks also note bike and walk accessibility levels, indicating the area is somewhat bikeable and car-dependent.

For operators seeking a restaurant that is already built out, this turnkey setup is intended to reduce pre-opening work by providing a space that is ready to operate. Because the remarks emphasize that the restaurant has never been used and is fully installed, it may suit tenants who want a newer base from which to begin operations promptly. The terms are presented in the remarks as having no down-payment required.

Key Highlights

• Fully installed restaurant space ready for immediate operation—never been used
• Restaurant leased as turn‑key readiness for operations
• No down‑payment required per listing remarks

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

361

Businesses Nearby

312k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 42% Groceries 19% Apparel 17% Dining 16%

Walmart Superstores

130,815 visits/mo 0.5 miles

ShopRite Groceries

60,320 visits/mo 0.5 miles

Marshalls Apparel

48,892 visits/mo 0.4 miles

McDonald's Dining

34,942 visits/mo 0.5 miles

Five Guys Dining

8,731 visits/mo 0.4 miles

Demographics for 10547, NY

7,293

Population

2,956

Households

2.5

Avg Household Size

44

Median Age

52%

College-Educated

92%

High-School Grad

4.9 sq mi

ZIP Area

1,488

Density / Sq Mi

$155,295

Median Household Income

$69,058

Median Earnings

$2,363

Median Rent

$479,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Brand new, fully installed restaurant space ready for immediate operation with turn-key readiness.

Where is this conventional restaurant located?

The property is located at 3432 Lexington Ave Lake Mohegan, NY.

What is the lease rate?

The lease rate is $6,200 /Mo.

What are key features of this property?

This property features: Fully installed restaurant space ready for immediate operation—never been used; Restaurant leased as turn‑key readiness for operations; No down‑payment required per listing remarks