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    Lexington Ave Mohegan Lake, NY 10547

    Sponsored
    For Sale
    $1,990,000

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33.8-acre commercial land parcel in Mohegan Lake, New York, presents a unique investment opportunity. Located on Lexington Avenue, the property boasts 866 feet of road frontage on Route 202, experiencing a high average daily traffic count of 23,000 vehicles. The property is zoned CD – Designed Commercial, specifically intended for the development of well-designed retail shopping centers and complementary businesses serving a wide area. Detailed information, including surveys, topographical maps, permitted uses, and dimensional regulations, is readily available. This prime location offers significant potential for various commercial ventures. Furthermore, the property has recently received approvals for a 2-megawatt solar project, adding another dimension to its investment appeal. The Westchester County location, with its convenient access to Route 202 and a bustling traffic flow, makes this a highly desirable site for developers seeking a high-visibility location. The APN is 2289-034-007-00001-000-0002-1. The asking price for this expansive property is $1,990,000. This is an exceptional opportunity to acquire a significant commercial land holding in a high-traffic area with existing approvals for a substantial solar project.

    Property Features for 0 Lexington Ave

    General Information

    Property type
    Land
    Lot Size
    1,472,328 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mohegan Lake
    County
    Westchester
    State
    New York
    Longitude
    -73.8587609
    Latitude
    41.295313

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at Lexington Ave Mohegan Lake, NY.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (914) 245-1000
    Request Owner's contact information
    Lexington Ave Mohegan Lake, NY 10547
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    Mohegan Lake, NY 10547
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lexington Ave Mohegan Lake, NY 10547
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