16 Ernest Ln Mahopac, NY 10541

Property Details for 16 Ernest Ln

Year built

1975

Lot size

14.00 lot acres

Property size

4,800 SF

Property type

Commercial real estate

Description

This unique 14-acre property in Mahopac, NY, presents a compelling investment opportunity. The site encompasses a 4,800 square foot contractor's yard with three buildings, including two single-family residences and outbuildings. Currently operating at 50% occupancy with five units, each commanding $270,000, the property offers significant upside potential. Built in 1975, the structures boast a 14-foot ceiling height and one loading dock, ideal for equipment storage and operations. The permitted R-zoning allows for a variety of uses. The existing tenant base is on a month-to-month lease, providing flexibility for future development. The expansive lot provides ample outdoor storage for equipment and materials. Beyond the current income stream, the property's size and location suggest potential for additional revenue streams, such as a cell tower lease. The property is located at 16 Ernest Ln, Mahopac, NY 10541, in Putnam County. The asking price is $1,350,000, representing a price per square foot of $281.25 and a price per unit of $270,000. This property offers a rare blend of income-generating potential and future development possibilities. The two-story buildings provide residential options, while the expansive yard and outbuildings cater to a contractor's needs. This is a truly unique opportunity for an investor seeking a high-return, multi-faceted property.