$1,400,000

649 Jersey Avenue, Greenwood Lake, NY 10925

  • 5,527 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon1.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $253/sqft
  • Property List Date Icon Listed 27 days ago

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.

Listing Status:
Active
Data Last Updated:
May 11, 2026 at 5:22AM
Listing Office:
Keller Williams Rlty Integrity : 973-726-0088
MLS ID:
985486
  • Basement: Bilco Door(s)
  • A/C: Zoned
  • Heating: Baseboard
  • Parking: AttachedParking Lot
  • Originating MLS: onekey2
  • School District: Contact Agent
  • County: Orange County
  • Zoning: 00210335403-311-000-0001-006.000-0000
  • View: Water
  • Utilities: Natural Gas Connected
  • Water: Public
  • Sewer: Septic Tank
  • Source: onekey2

This listing courtesy of Keller Williams Rlty Integrity

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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