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510-516 W Boston Post Road

Mamaroneck, NY 10543
  • $2,600,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: H6325888
$2,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

School District:

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.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2024-12-02T00:17:18.077.
www.nicoleburkehomes.com/homes/155021478
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510-516 W Boston Post Road Mamaroneck, NY 10543

  • Price: $2,600,000
  • Status: Active
  • On Site: 81 Days
  • MLS #: H6325888
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
Mamaroneck
County:
Westchester
Area:
Mamaroneck
School District:
Mamaroneck
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.
Exterior Features

Construction Materials Frame

Interior Features

Cooling Central AirWindow Unit(s) Cooling YN Yes Heating Natural GasBaseboardForced Air Hot Water Gas Stand Alone

Property Features

Building Size 8342 Business Type Retail Current Use CommercialOther Location Description First Floor MLSArea Minor 99 Operating Expense 87458 Property Sub Type Retail Sewer Public Sewer Tax Annual Amount 54394 Tax Annual Amount1 54394 Township Mamaroneck Village Mamaroneck Water Source Public Zoning Description C-1

Listing courtesy of Ryan Paige of Corcoran Baer & McIntosh: 845-3589440
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2024-12-02T00:17:18.077.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803