Property profile

97 Windermere Ave Greenwood Lake, NY 10925

OFF-MARKET
Investment properties
Property ID
US63-1603156
1,470 SF 0.27 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
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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

Location

97 Windermere Ave Greenwood Lake, NY 10925-2109
Greenwood Lake metro Census 14802 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2024
Last sale
$185,000
5 recorded transactions
2024
$535,000
2019
$185,000
2004
$155,000
2004
Price N/A
2002
$66,550

Zoning & alternative use

400 · Greenwood Lake, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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