Multi-Use Property with New
For Sale
$1,950,000
3432 Lexington Avenue, Mohegan Lake, NY 10547
Versatile property featuring a new restaurant and residential income units.
Property SizeContact for details
Days on Market117
Property Features for 3432 Lexington Avenue
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,000
Amenities
Central air
Central Air Cooling
Hot Water Heating
Oil Heating
Building Details
Year Built
1930
Listing Agency:
WILLIAM RAVEIS REAL ESTATE
(914) 245-0460
Listed By:
JASON KERWAR
Source:
Corcoran
Added: Apr 14
Changed: Aug 8
Last Checked: Jul 21 at 9:45AM
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 multi-use property features a brand new, fully installed restaurant that has never been used. It is ready for immediate operation or customization. The property also includes three residential units generating income. A 3-bedroom unit rents for $2,800 per month, a 2-bedroom unit rents for $1,700 per month, and an attic apartment rents for $1,400 per month. All units have separate electric meters. All tenants are currently on month-to-month leases, offering flexibility for future adjustments or redevelopment. This property is suitable for investors or owner-operators looking to run a business while benefiting from multiple income streams. It combines turnkey commercial space with residential rental potential.
Key Highlights
- Brand new, fully installed restaurant space ready for immediate operation or customization.
- Strong rental income from three residential units.
- All residential units have separate electric meters.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Apparel 41%
Dining 9%
Electronics 4%
ShopRite
Groceries
60,320 visits/mo
0.5 miles
Marshalls
Apparel
48,892 visits/mo
0.5 miles
Taco Bell
Dining
8,222 visits/mo
0.5 miles
Carter's & OshKosh B'gosh
Apparel
4,489 visits/mo
0.5 miles
GameStop
Electronics
4,359 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property featuring a new restaurant and residential income units.
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: Brand new, fully installed restaurant space ready for immediate operation or customization.; Strong rental income from three residential units.; All residential units have separate electric meters.
