Link Copied
Listed price in listed location currency (USD).
$1,400,000

000

MLS® 985486

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $14,900
Days Active 9
Lot Size 
Approx. Age 1950
MLS® Number 985486

Property Address: 649 Jersey Ave, Greenwood Lake, NY, 10925-2014

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number985486
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
BasementBilco Door(s)
DrivewayAttached, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 16, 2026List Date
$1,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
649 Jersey Ave, Greenwood Lake, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties