MLS#1018002
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLPeekskill
Property Description
Welcome to 911 South Street, a rare mixed-use commercial multiple building complex offering exceptional income in one of historic downtown Peekskill's most vibrant and sought-after locations. Net profit EXCEEDS $100,000 per year and a Cap Rate of 7.8% (excluding a management fee and minor repairs). This unique asset features five fully independent units, each with its own separate utility meter, providing maximum flexibility for investors, owner-users, and entrepreneurs alike. The property is currently fully leased and generating strong rental income, making it an attractive turnkey investment. However, an owner-user is a possibility in a commercial space. The unit mix includes an established restaurant with capacity for 74 people, an ice cream parlor with an additional lounge, one professional office space, and two New York-Soho style artist lofts, creating a diverse and stable income stream. Situated in a high-visibility location within Peekskill's thriving Artist District, the property benefits from excellent pedestrian and vehicle traffic, surrounded by local businesses, dining, arts, and cultural attractions, including the Paramount Theater. The independently operating units allow for multiple ownership strategies, including continued investment income, live/work opportunities, or future tenant repositioning. Whether you're looking to expand your portfolio or acquire a cash-flowing commercial asset in a dynamic growth market, 911 South Street presents an exceptional opportunity. Don't miss your chance to own a performing asset in one of Westchester County's emerging commercial corridors.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.12 Acres
Stories: 2.0
Taxes: $20,894
Year Built: 1900
Feature Descriptions
Building Area Total: 6650
Business Type: Administrative and Support, Bar/Tavern/Lounge, Other, Restaurant
Cap Rate: 8
Days on Site: 1
Exterior: Clapboard
Heating Zones: 5
On Market Date: 2026-06-24
Parcel Number: 1200-033-037-00003-000-0009
Parking Features: Open
Rental Term: Monthly
Security: yes
Security Features: Fire Sprinkler System
Sewer: Public Sewer
Units: 5
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Peekskill High School
Middle School: Peekskill Middle School
Elementary School: Hillcrest
School District: Peekskill
Listed By / Shown By
Listing By
Agency Name: Mark Seiden Real Estate Team
Agency Phone: 914-762-2200
Shown By
Agent Name: Kabir Kumar
Agent Phone: Cell: (516) 805-8300
Agency Title: Coldwell Banker American Homes
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911 South Street | MLS# 1018002
This commercial property located at 911 South Street, Peekskill, NY 10566 is currently listed for sale with an asking price of $1,375,222. South Street is located within the Peekskill school district. Search Peekskill real estate on kabirkumar.cbamhomes.com today.