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    OFF-MARKET
    Investment properties

    97 Windermere Ave, Greenwood Lake, NY 10925-2109

    1,470 SF 0.27 ac lot Built 1960
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-1603156
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1960
    Total area 1,470 SF
    Lot 0.27 ac (11,625 SF)
    Zoning code 400
    APN 335403 308-2-18
    UPID US63-1603156
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kimnelljohnson LLC · 1 yrs held
    Kimnelljohnson LLC
    since 2024
    Last sale
    $185,000
    5 recorded transactions
    2024
    $535,000
    2019
    $185,000
    2004
    $155,000
    2004
    2002
    $66,550
    Zoning & alternative use
    400 · Greenwood Lake, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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