Dan Smalley
Licensed Real Estate Salesperson
REALTOR®
MLS#1046552
STATUSActive
PROPERTY TYPECommercial -
SCHOOLLakeland
Property Description
This unique mixed-use property offers multiple income streams from a fully renovated commercial building with 3 units and four separate residential units-all currently fully rented. Strategically located directly on Route 6 in Mohegan Lake and adjacent to a municipal parking lot, the property offers excellent visibility, accessibility, and convenience for both commercial and residential tenants. The commercial building has been fully updated and renovated, providing a turnkey income-producing space. The residential component includes a fully updated first-floor apartment, a detached two-family building, and a separate fully renovated cottage with its own private driveway and parking. With 7 distinct rental components, full occupancy, and a prime Route 6 location, this property presents a compelling opportunity for investors seeking diversified rental income and long-term appreciation potential.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Walk-Out Access
Cooling: Central Air
Heating: Hot Water, Oil
Lot Size: 0.14 Acres
Taxes: $18,500
Year Built: 1962
Feature Descriptions
Appliances: Electric Water Heater
Building Area Total: 4500
Cap Rate: 10524
Exterior: Frame
Heating Zones: 8
Included In Taxes: Trash
Lot Features: Level
On Market Date: 2026-09-15
Other Structures: Outbuilding
Parcel Number: 5400-015-015-00001-000-0048
Parking Features: Common, Off Street, Parking Lot
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Seller Concession: Yes
Separate Electric Meters: 7
Sewer: Public Sewer
Tenant Pays: Electricity, Heat
Units: 7
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Lakeland High School
Middle School: Lakeland-Copper Beech Middle Sch
Elementary School: George Washington Elementary School
School District: Lakeland
Listed By / Shown By
Listing By
Agency Name: Howard Hanna Rand Realty
Agency Contact: 914-328-0333
Shown By
Agent Name: Dan Smalley
Agent Phone: Cell: (631) 469-8957
Agency Title: Coldwell Banker American Homes
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1970-1976 E E Main Street | MLS# 1046552
This commercial property located at 1970-1976 E E Main Street , Mohegan Lake, NY 10547 is currently listed for sale with an asking price of $1,350,000. 1970-1976 E E Main Street is located within the Lakeland school district. Search Mohegan Lake real estate on www.dansmalleyrealtor.com today.