318 Highland Avenue
318 Highland Avenue
318 Highland Avenue
318 Highland Avenue

318 Highland Avenue

2 Beds 1 Bath 1,800 Sq.Ft.


Property Description: Exceptional Mixed-Use Investment Opportunity in Prime Peekskill, NY Location Discover the potential of this mixed-use property, perfectly positioned in the heart of downtown Peekskill, New York. This prime corner lot boasts an exceptional blend of residential and retail opportunities, making it a valuable addition to any investment portfolio.*** owner financing available with 50% down payment*** *** this property qualifies for FHA financing with 3.5% down payment*** Location Highlights: Situated in a vibrant downtown area, this property offers unparalleled access to local amenities and transportation. Located just moments away from bus stops, train stations, and major highways, it provides easy commuting options and high visibility, ensuring constant foot traffic and exposure for any business. Property Features: Mixed-Use Configuration: The property features a spacious ground-level retail space, offering a wide array of business possibilities from boutique stores to cafes or professional services. The large storefront windows ensure maximum visibility and natural light, creating an inviting atmosphere for customers. Residential Unit: Above the retail space, find a residential unit that presents a comfortable living environment. With its own separate entrance, this space offers privacy and convenience, making it an ideal rental opportunity or owner-occupier residence. Corner Location: Standing on a corner lot, the property benefits from added exposure and accessibility, setting it apart from other listings in the area. Investment Potential: While the property requires some updating, it is priced competitively to reflect this, offering significant upside to the astute investor. With renovations, the potential for increased rental income from both the commercial and residential units is substantial. This is a unique opportunity to capitalize on Peekskill's growing market, enhancing the property's value and yield over time. Opportunity Awaits: This mixed-use property represents a rare find in Peekskill, NY, combining location, versatility, and investment potential. Whether you're looking to expand your portfolio, establish or relocate a business, or secure a property with diverse income streams, this listing promises great rewards for those ready to invest in its future. Seize the chance to own a piece of Peekskill's bustling downtown. Contact us today to explore the possibilities this property has to offer.

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318 Highland Avenue, Peekskill, NY 10566


For Sale
Duwayne Shaw

Duwayne Shaw


Broker, Owner

Property Amenities

Total Bedrooms: 2
Full Bathrooms: 1
Area & Lot
Lot Area 2,666 Sq.Ft.
Living area 1,800 Sq.Ft.
MLS® ID H6290007
Year Built 1932
School District Peekskill
High School Peekskill High School
Middle School Peekskill Middle School
Elementary School Call Listing Agent
Architecture Styles See Remarks
Type Residential
Status For Sale
Stories 1
Air conditioning Wall Unit(s)
Heat type Natural Gas, Hot Water
Water Source Public
Sewer Public Sewer
Parking Driveway
Sales Price $349,000
Real Estate Tax $16,000 yearly

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