Kent Lakes Commons

Discover the vibrant potential of Carmel, NY, where quaint charm meets promising opportunity for retail investors. The area boasts a thriving community of local businesses and a steady influx of visitors drawn to its picturesque surroundings. Located nearby, the bustling business district offers a range of high-traffic retail spaces and enjoys prominent foot traffic from neighboring attractions such as the historic Putnam County Courthouse and the renowned Lake Gleneida. This coveted location provides the ideal setting for retail ventures seeking to become part of a rich tapestry of local commerce. Opportunity awaits in this dynamic, well-connected community where retail success is poised to flourish.529–533 Route 52 presents a mixed-use investment opportunity located in the center of Carmel, NY consisting of 11 residential apartments and 12 commercial suites across three contiguous buildings. The property offers stable in-place cash flow with significant upside through residential rent growth, lease rollover, and operational improvements. Current ownership has maintained strong occupancy while several residential units remain below market, providing investors with a clear path to increasing NOI over time. The asset currently generates approximately $559,138 in gross annual income with an in-place NOI of approximately $403,500. Updated pro forma projections support NOI approaching $470,000+, with additional upside potential from a future land/cell lease opportunity. Commercial tenancy includes a diversified mix of office, retail, daycare, and neighborhood service businesses, helping minimize tenant concentration risk and support long-term stability. Positioned directly along Route 52, the property benefits from strong visibility, consistent traffic counts, and proximity to surrounding residential neighborhoods and retail corridors within Putnam County. Ownership is motivated and seller financing may be available for qualified buyers.