215 Lexington Ave Mount Kisco, NY 10549

This exceptional mixed-use property at 215 Lexington Avenue in Mount Kisco, NY, presents a compelling value-add investment opportunity. The 3,220 square foot building, constructed in 1920, sits on a 0.25-acre lot and features a desirable CN zoning designation. Currently configured as a six-unit property with four residential units and two retail spaces, it generates a net operating income (NOI) of $120,000, representing a 5.71% cap rate at an asking price of $2,100,000 ($652.17/sq ft). The property boasts approved plans for three townhomes, including site plans, elevations, floor plans, and landscaping, significantly enhancing its potential. All utilities are on-site, and parking for the new development is complete. Its prime location offers convenient access to Main Street, public transportation, restaurants, Northern Westchester Hospital, and the Mount Kisco Metro North railroad station. Proximity to the Saw Mill River Parkway interchange and Mount Kisco Country Club further enhances its appeal. Major area employers include CareMount and Curtis Instruments. This property is a rare blend of immediate income and significant upside potential, making it an ideal investment for discerning buyers. The two-story building is situated in Westchester County, NY, zip code 10549.