MLS#985666
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Fully leased mixed-use investment property located in the heart of Peekskill. 939 Central Ave consists of three income-producing units, including a ground floor commercial space, a second-floor commercial unit, and a newly renovated two-bedroom apartment on the third floor. The commercial tenant occupies both the first and second floors, providing a strong and stable income stream with annual rent escalations in place. The third-floor residential unit has been recently renovated and offers consistent rental income. The property has undergone significant improvements, including a new roof and updated building systems, resulting in a well-maintained, low-maintenance asset. All units are currently leased, offering immediate cash flow for investors. Current cap rate is approximately 6.3% with additional upside through contractual rent increases. Conveniently located near downtown amenities, transportation, and major roadways. Call today for your private tour.
Property Features
Property Type: Commercial - Multiple
Basement: Crawl Space
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.03 Acres
Stories: 3.0
Taxes: $14,553
Feature Descriptions
Building Area Total: 2760
Business Type: Retail
Exterior: Brick
Heating Zones: 2
On Market Date: 2026-04-16
Parcel Number: 1200-033-029-00006-000-0012
Parking Total: 0
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Partner
Agency Contact: 914-962-0007
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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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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939 Central Avenue | MLS# 985666
This commercial property located at 939 Central Avenue , Peekskill, NY 10566 is currently listed for sale with an asking price of $950,000. Search Peekskill real estate on www.coldwellbankerchoice.com today.