$415,000 - Greenwood Lake, NY
37 Oak Street Greenwood Lake, NY - A Prime Investment and Development Opportunity Greenwood Lake, a charming lakeside village with a rich history and strong community roots, presents a unique opportunity for entrepreneurs and investors seeking a versatile property with immediate operational potential and future development prospects. Located in the heart of the village, this property combines an established business venue with the potential for residential development, offering a well-rounded investment in a desirable lakeside setting. At the core of this opportunity is an inviting country-style restaurant that comfortably seats over 50 guests across its dining and bar areas. The restaurant is fully equipped with a professional-grade kitchen, including a sixteen-burner stove, griddle, four ovens, deep fryers, bain marie, steam table, and two freezers, among other upgrades. These features enable the new owner to operate immediately with minimal setup, providing a seamless transition for an operator looking to establish or expand their hospitality business. Recent upgrades to the roof and furnace, further enhance the property's durability and reduce future maintenance concerns. In addition to the restaurant, the property includes a charming two-bedroom apartment, offering an attractive opportunity for additional income or a comfortable living space. The apartment features a sunny living room, an open galley kitchen, a full bathroom, and a versatile extra room suitable for an in-home office or guest quarters. This flexibility makes the property particularly appealing to entrepreneurs who wish to reside on-site or generate rental income to support their business venture. The location of the property is highly advantageous. Situated within walking distance of Greenwood Lake’s public beach, the lake itself, shopping, parks, and public transportation, including a bus route to New York City, this site benefits from high visibility and accessibility. Greenwood Lake has long been a beloved destination for outdoor recreation, with activities such as fishing, boating, and water sports drawing visitors year-round. Its established reputation as a lakeside retreat offers a stable customer base and ongoing potential for hospitality or retail enterprises. Beyond the existing structure, the property is complemented by comprehensive plans and renderings for a 6-unit apartment complex. These include detailed site plans, surveys, zoning documentation, environmental assessments, architectural layouts, and artistic renderings of both the first and second floors, as well as the basement. This extensive set of development materials provides a clear and ready pathway for future expansion, enabling investors and developers to proceed efficiently with multifamily housing projects. Whether you are an entrepreneur eager to operate a restaurant, a developer seeking a prime site for residential growth, or an investor looking for a stable property with significant upside, this opportunity offers substantial potential in a sought-after lakeside community. In summary, this Greenwood Lake property combines immediate operational capability with promising development prospects. Its strategic location, recent upgrades, and comprehensive planning support make it an excellent choice for those looking to invest in a stable, scenic community with a proven appeal. For those ready to build upon this foundation and establish a lasting presence in Greenwood Lake, this property represents an exceptional opportunity to realize your vision.