716-720 State Route 32
Highland Mills, NY 10930

This Multi-use Commercial property includes a Restaurant along with 5 Rental Units above it, 4 Garage Rentals, and a Single Family Home. The Restaurant building (formerly The Black Forest Mill) is currently vacant with enormous income potential! The Building includes 6 Rental Units, 5 Studio Apartments, and 1 Three Bedroom Apartment, with a potential annual income of $83,500. Additionally, the 4 Garages are also rented bring the total income to $95,500. The Restaurant on the ground floor is fully equipped including Three Dining Rooms, seating 240 guests. A U shaped bar which seats 12. Along with 8 tables on the outside overlooking the impressive grounds and magnificent views. The Restaurant can be Owner Occupied with Major Upsides or used as Investment with a Projected Annual Income of $96K. The Sizable Single Family home is to the side of the Restaurant Building. It boasts 3 Large Bedrooms, Spacious Living Space, and a Full Finished Basement. Projected Annual Income is $38,500. Total Gross Annual Income: $230K!! The Incoming buyer can further benefit from the expansive land on the property which can be developed to further increase its Value and Income. See R-1A Zoning Regulations Attached. The property is in the 3 Mile Radius of Woodbury Commons Outlet Center and in the 10 Mile Radius of Stewart International Airport. There numerous Popular Shopping Centers in the area including the Woodbury Center and Harriman Commons with Major International Enterprises. The Property is literally minutes away from the Route 17 and the New York State Thruway with a VPD of over 130K.