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$ 2,600,000
Est. payment /mo
Active
510-516 W Boston Post RD Mamaroneck, NY 10543
0.34 Acres Lot
UPDATED:
11/16/2024 07:37 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6325888
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $54,394
Lot Size 0.340 Acres
Acres 0.34
Property Description
"HARBOR VIEW COMMERCIAL SPACE" - Presenting a rare investment opportunity in the heart of Mamaroneck’s vibrant Sound Shore community. This premium retail property consists of two buildings, totaling 8,342 sq. ft. with five rentable units, offering incredible water views of Mamaroneck Harbor and excellent roadside exposure on the highly trafficked Boston Post Road. Strategically located across from the scenic Mamaroneck Harbor and Park, this property sits at the crossroads of a high-income, high-density demographic. The anchor unit is currently vacant, providing a unique opportunity to increase your rental portfolio’s upside potential. Both buildings offer prime visibility, making them attractive to tenants looking to capitalize on the constant flow of foot and vehicle traffic along Boston Post Road. Additional on-site parking as well as street parking is available, enhancing accessibility for tenants and customers alike. Fully rented, both buildings can generate a rent roll exceeding $305,000 annually, offering investors a strong and stable return on investment. This ensures immediate cash flow with even greater potential when the vacant anchor space is leased. In addition to its current use, the site also presents a potential development opportunity for residential builders. New owners may have the chance to develop an incredible water-view condominium complex or rental building, offering residents stunning harbor vistas and easy access to Mamaroneck’s vibrant waterfront. With the area’s growing demand for luxury residential spaces, this property is perfectly positioned for future development. This is an exceptional opportunity to secure a stable, multi-tenant property in one of Westchester County’s most sought-after areas, with the added potential for residential development. Don’t miss the chance to invest in this thriving commercial hub with unbeatable location, visibility, and long-term growth prospects. Please contact agents for more detailed financial and rent roll information.
Location
State NY
County Westchester County
Interior
Heating Natural Gas, Baseboard, Forced Air
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Parking Lot, On Street
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Mamaroneck
Others
Special Listing Condition None
Listed by Corcoran Baer & McIntosh