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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 912328
Year Built 1999
Annual Tax Amount $27,608
Lot Size 3.420 Acres
Property Sub-Type Multi Family
Property Description
Prime investment opportunity in Mahopac, NY offering 3.4 acres with income-producing tenant and development potential. 10 Bon Miller Rd, a unique property located just off Route 6 yet in the heart of Mahopac and Town of Carmel. This exceptional offering features two buildings totaling 14,242 square feet with a mix of current income and outstanding development potential. The rear building, constructed in 1999 is currently leased to a national tenant who occupies 45% of the space and is in year 7 of a 15 year lease. This tenant is responsible for 100% of property maintenance, landlords insurance, and their proportionate share of real estate taxes, providing a reliable and low-maintenance income stream for the new owner. An additional second-floor walk-up office space is currently available for lease, offering upside for increased cash flow. Additionally, there is a possibility that this can be converted to multi-family use, subject to approvals making this property a standout opportunity for investors and developers. The front building is a 2,772 sq ft residence that has been completely gutted and is ready for a full renovation. The zoning allows for multi-family use with 500 sq ft minimum per unit, offering significant redevelopment potential.
Location
State NY
County Putnam County
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Building
Sewer Septic Tank
Water Well
Structure Type Frame
Others
Special Listing Condition None
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Bought with Howard Hanna Rand Realty
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