97 Windermere Ave, Greenwood Lake, NY 10925-2109
This beautifully renovated 2,940 square foot storefront at 97 Windermere Avenue in Greenwood Lake, NY, presents a unique investment opportunity. Built in 1960 and extensively renovated in 2019, this Class B property boasts a desirable location on a main thoroughfare with an average daily traffic count of 3,510 vehicles. The 0.24-acre lot offers ample off-street parking for 20 vehicles – a rare find in this area. The Central Shopping (CS) zoning permits a wide range of uses, including retail, banking, personal services, food and beverage establishments, laundry/dry cleaning, and fitness studios. Previously used as an art gallery and jazz venue, the space features upgraded lighting and sound systems, hardwood floors, custom beams, two restrooms, and new ductless heating and air conditioning. The main level encompasses approximately 1,560 square feet, complemented by a full basement and a roughly 500 square foot loft. This exceptional property is situated in a vibrant, year-round destination community, close to New Jersey, offering easy access to numerous attractions including apple orchards, wineries, breweries, ski slopes, and restaurants. The asking price is $559,000, translating to $190.14 per square foot. The property is currently vacant and comprises one unit within a single building. This is a must-see opportunity for discerning investors seeking a high-quality space in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
400 · Greenwood Lake, NYGreenwood Lake. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.