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649 Jersey Ave

greenwood lake, NY 10925

US$1,400,000

    Interested? Let's Connect

    Lakefront mixed-use investment opportunity on Greenwood Lake. This unique waterfront property features a commercial kitchen and restaurant space, alongside five income-producing residential units, offering multiple streams of revenue in a high-demand lakefront setting.

    Positioned directly on the water, the property includes a private beach area and multiple dock spaces ideal for generating additional income through dock rentals while drawing in boating traffic and lake visitors to the restaurant. These sought-after waterfront amenities not only enhance the customer experience but also increase tenant desirability and overall asset value.

    The restaurant is currently vacant, presenting a prime value-add opportunity for an owner-operator or investor to reestablish a thriving waterfront destination. The residential component is well-suited for consistent cash flow, featuring a unit mix of one 2-bedroom, 1-bath apartment and four 1-bedroom, 1-bath apartments.

    Zoned for commercial mixed-use, the property offers exceptional flexibility tailored to tourism and waterfront activity. Permitted uses include restaurants, retail, hospitality concepts, marinas, and a variety of recreational or visitor-focused businesses, with the option to maintain or expand the existing residential use.

    A rare opportunity to acquire a true waterfront asset with strong income potential and long-term upside. Restaurant last fully operated in 2024. Business financials available upon request.

    Details

    5,527 Sq Ft

    1.3 Private Acres Lot Size

    commercial

    US$1,242 Monthly Tax

    Built in 1950

    MLS/Listing ID 985486

    6 Units

    Amenities & Features

    Heating - Baseboard

    Cooling - Zoned

    Construction - Frame

    Lake Front

    Lake Privileges

    Water Access

    Waterfront

    Water View

    Parking - Attached

    Parking - Parking Lot

    Lot - Waterfront

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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