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Mixed-Use Property with Restaurant
For Sale
$1,950,000

3432 Lexington Avenue, Mohegan Lake, NY 10547

Commercial Sale, Mohegan Lake, NY

Property SizeContact for details
Days on Market129

Property Features for 3432 Lexington Avenue

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
APN 55540001501900010260000000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 21000

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Oil
Cooling system Central Air
Water source Public

Building Details

Year built 1930
Building materials Advanced Framing Technique
Listing Agency: William Raveis Real Estate
Listed By: Jason Kerwar
Added: Apr 14 Changed: Aug 20 Last Checked: Aug 20 at 11:06AM
MLS# 984309

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property, built in 1930, combines a newly installed restaurant buildout with three residential apartments. The restaurant has never operated and includes a completed commercial setup that can be adapted to a future concept. Residential accommodations include one three-bedroom apartment, one two-bedroom apartment, and an attic apartment. Each unit is separately metered for electricity, and all residential occupants are on month-to-month leases.

The building is served by public water and public sewer, with hot-water heating, oil fuel, and central air conditioning. The combination of commercial space and residential occupancy creates a property with distinct business and housing components under one ownership.

Key Highlights

  • Newly installed restaurant space that has never operated
  • Three residential units: one 3‑bedroom, one 2‑bedroom, and one attic apartment
  • Separate electric meters serve the residential units

Property Analytics

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

388
Businesses Nearby

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully built restaurant space accompanies residential apartments with separate electric metering and flexible month-to-month occupancy.
Where is this mixed-use property located?
The property is located at 3432 Lexington Avenue Mohegan Lake, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Newly installed restaurant space that has never operated; Three residential units: one 3‑bedroom, one 2‑bedroom, and one attic apartment; Separate electric meters serve the residential units
More about this property
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