MLS#985486
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property 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.
Property Features
Property Type: Commercial -
Basement: Bilco Door(s)
Cooling: Zoned
Heating: Baseboard
Lot Size: 1.30 Acres
Stories: 4.0
Taxes: $14,900
Year Built: 1950
Feature Descriptions
Building Area Total: 5527
Community Features: Powered Boats Allowed
Days on Site: 1
Exterior: Frame
Lot Features: Waterfront
On Market Date: 2026-04-16
Parcel Number: 335403-311-000-0001-006.000-0000
Parking Features: Attached, Parking Lot
Rental Term: Monthly
Separate Electric Meters: 1
Separate Gas Meters: 1
Sewer: Septic Tank
Special View Info: Water
Units: 6
Utilities: Natural Gas Connected
Water: Public
Waterfront Features: Lake Front, Lake Privileges, Water Access, Waterfront
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: Keller Williams Rlty Integrity
Agency Phone: 973-726-0088
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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649 Jersey Avenue | MLS# 985486
This commercial property located at 649 Jersey Avenue, Greenwood Lake, NY 10925 is currently listed for sale with an asking price of $1,400,000. Jersey Avenue is located within the Contact Agent school district. Search Greenwood Lake real estate on www.coldwellbankerchoice.com today.