Prime Mixed Use Investment amp ; Development Opportunity Spring Valley Excellent mixed use investment featuring approximately 2, 522 SF on a 6, 098 SF lot in a high visibility location ...


Property

Website:https://www.nestseekers.com/5701203
Address:
Ramapo, NY 10977
Ownership: For Sale
Type: mixed-use
Lot Size: 0.1 Acres

Financials

Price:$1,095,000
Annual Taxes:$14,487

Description

Prime Mixed-Use Investment & Development Opportunity – Spring Valley Excellent mixed-use investment featuring approximately 2,522 SF on a 6,098 SF lot in a high-visibility location with road frontage, a storefront window, on-site parking, and easy access to major roadways. Unit 1: Leased at $4,600/month with excellent storefront exposure. Unit 2: Legal commercial kitchen, leased at $5,000/month The property also presents an outstanding development opportunity, with the potential to redevelop the site into a 3-story residential building, similar to the neighboring property (subject to approvals). An exceptional opportunity to generate strong cash flow today while capitalizing on future development potential.

Amenities

  • Accessible Entrance
  • Back Yard
  • Bathrooms
  • Canal Front
  • Convection Oven
  • Exhaust Fan
  • Freezer
  • Lobby
  • Mailbox
  • Near Public Transit
  • Neighborhood
  • Ramp
  • Refrigerator
  • Signage Included
  • Smoke Detectors

Contact

2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of MS Realty Group USA, Inc