Nest Seekers

Welcome to 911 South Street, a rare mixed use commercial multiple building complex offering exceptional income in one of historic downtown Peekskill's most vibrant and sought after locations.

Peekskill, NY 10566

Listing

Web ID:5592348
Website:https://www.nestseekers.com/5592348

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.1 Acres

Financials

Price:$1,325,222
Annual Taxes:$20,894

Description

Welcome to 911 South Street, a rare mixed-use commercial multiple building complex offering exceptional income in one of historic downtown Peekskill's most vibrant and sought-after locations. Net profit EXCEEDS $100,000 per year and a Cap Rate of 7.9% (excluding a management fee and minor repairs). This unique asset features five fully independent units, each with its own separate utility meter, providing maximum flexibility for investors, owner-users, and entrepreneurs alike. The property is currently fully leased and generating strong rental income, making it an attractive turnkey investment. However, an owner-user is a possibility in a commercial space. The unit mix includes an established restaurant with capacity for 74 people, an ice cream parlor with an additional lounge, one professional office space, and two New York—Soho style artist lofts, creating a diverse and stable income stream. Situated in a high-visibility location within Peekskill's thriving Artist District, the property benefits from excellent pedestrian and vehicle traffic, surrounded by local businesses, dining, arts, and cultural attractions, including the Paramount Theater. The independently operating units allow for multiple ownership strategies, including continued investment income, live/work opportunities, or future tenant repositioning. Whether you're looking to expand your portfolio or acquire a cash-flowing commercial asset in a dynamic growth market, 911 South Street presents an exceptional opportunity. Don't miss your chance to own a performing asset in one of Westchester County's emerging commercial corridors.

Amenities

  • Electricity Connected
  • Fire Sprinkler System
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected
  • 2nd floor office - eating area
  • 2nd floor office - eating area
  • 2nd floor office - rear office
  • 2nd floor office - rear office
  • 2nd floor office
  • 2nd floor office
  • 2nd floor office - bathroom
  • Front loft - hardwood floors
  • Front loft - lots of light
  • Front loft bathroom
  • Front loft bedroom
  • Front loft eat in kitchen
  • Front loft kitchen
  • Front loft living room
  • Front loft open floor plan
  • Ice cream parlor
  • Ice cream parlor
  • Rear loft - kitchen-laundry
  • Rear loft - open view
  • Rear loft 6
  • Rear loft bathroom
  • Rear loft bedroom
  • Rear loft
  • Restaurant prep area
  • Restaurant - kitchen
  • Restaurant - office
  • Restaurant - window seating
  • Restaurant bar
  • Restaurant bar
  • Restaurant bar
  • Restaurant kitchen
  • Restaurant kitchen
  • Restaurant pantry
  • Restaurant prep area 2
  • Restaurant seating
  • Restaurant seating
  • Storage Room
  • VIP lounge bar seating
  • VIP lounge bathrooms
  • VIP lounge counter seating
  • VIP lounge open space
  • VIP lounge view of bar
  • VIP lounge view of bar
  • Front exterior showing alley way
  • Front exterior showing restaurant
  • Nearby Paramount Theater

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of Mark Seiden Real Estate Team
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