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3120 Lexington Ave 15,180 SF Retail Building Mohegan Lake, NY 10547 $2,700,000 ($177.87/SF) 8.43% Cap Rate
Investment Highlights
- Ample parking onsite lot can accommodate 20+ vehicles
- Recently refurbished top-to-bottom including HVAC, generator, roofing, siding, flooring, overhead doors, blacktop and more
- Existing Businesses is also for sale but can be delivered vacant without business
- Outdoor storage approved and permitted
- Included in the sale is an adjacent 1.35 acre undeveloped parcel
Executive Summary
For Sale is a 1.4 acre parcel consisting of two commercial buildings totaling over 15,000 SF plus an extra undeveloped 1.35 acre parcel. The buildings were refurbished recently top-to-bottom including HVAC, backup generator, bathrooms, flooring, overhead doors, roofing, blacktop, and many, many more improvements. The retail/showroom building is approx 7,500 SF with 12' ceilings and is currently an owner-occupied Ace Hardware. The warehouse has ceilings ranging from 25' to 30', loading dock and two grade level doors. The property is well suited for a contractor's office, Indoor truck and vehicle parking, Indoor Sports Related Training Facility (Soccer, Pickleball, Lacrosse, Golf, Ice Hockey, etc.). The on-site parking lot can accommodate 20+ vehicles.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,180 SF
Building Class
C
Year Built
1969
Price
$2,700,000
Price Per SF
$177.87
Cap Rate
8.43%
NOI
$227,700
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.13
Lot Size
2.75 AC
Zoning
CC - Conditional Commercial and Industrial
Parking
30 Spaces (1.98 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2289-024-006-00001-000-0001 | Improvements Assessment | $1,372,500 |
| Land Assessment | $21,800 | Total Assessment | $1,394,300 |
Property Taxes
Parcel Number
2289-024-006-00001-000-0001
Land Assessment
$21,800
Improvements Assessment
$1,372,500
Total Assessment
$1,394,300
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3120 Lexington Ave
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