Pamela Zaid
BEDS0
BATHS
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
Agent Name: Pamela Zaid
Agent Phone: Cell: (631) 219-5255
Agency Title: Howard Hanna | Coach Realtors
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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 pzaid.coachrealtors.com today.