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$2,850,000
Est. payment /mo
9,757 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1042414
Rental Info No
Annual Tax Amount $38,142
Lot Size 9,757 Sqft
Acres 0.224
Property Sub-Type Mixed Use
Source onekey2
Property Description
320 Webster Avenue presents an exceptional opportunity to acquire a fully leased, income-producing mixed-use retail property in New Rochelle, NY. Positioned along Webster Avenue, this one-story masonry building offers a combination of established cash flow, strong street presence, and meaningful long-term upside for investors.
The property consists of approximately 8,105 SF of building area, including approximately 6,127 SF of gross leasable area, situated on a 0.21-acre (9,147.6 SF) lot. The property is currently fully leased and generates approximately $180,000 in annual rental income, providing investors with immediate in-place revenue.
One of the property's key investment advantages is its below-market rental structure, creating potential for future income growth as leases roll over. The property is zoned Neighborhood Business (NB) / C-1, providing flexibility and potential for repositioning over time.
Conveniently located approximately 0.8 miles from the New Rochelle Metro-North Station and 1.3 miles from the Pelham Metro-North Station, the property benefits from excellent accessibility and connectivity throughout Westchester County and the New York City metropolitan area.
With stable existing tenancy, strong in-place income, below-market rents, flexible zoning, and future rental upside, 320 Webster Avenue offers an attractive opportunity for investors seeking a well-positioned commercial asset in the New Rochelle market.
The property consists of approximately 8,105 SF of building area, including approximately 6,127 SF of gross leasable area, situated on a 0.21-acre (9,147.6 SF) lot. The property is currently fully leased and generates approximately $180,000 in annual rental income, providing investors with immediate in-place revenue.
One of the property's key investment advantages is its below-market rental structure, creating potential for future income growth as leases roll over. The property is zoned Neighborhood Business (NB) / C-1, providing flexibility and potential for repositioning over time.
Conveniently located approximately 0.8 miles from the New Rochelle Metro-North Station and 1.3 miles from the Pelham Metro-North Station, the property benefits from excellent accessibility and connectivity throughout Westchester County and the New York City metropolitan area.
With stable existing tenancy, strong in-place income, below-market rents, flexible zoning, and future rental upside, 320 Webster Avenue offers an attractive opportunity for investors seeking a well-positioned commercial asset in the New Rochelle market.
Location
State NY
County Westchester County
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, See Remarks, Sewer Connected, Water Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools New Rochelle
School District New Rochelle
Others
Special Listing Condition None
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Listed by Link NY Realty • Valon Nikci
NEARBY SCHOOL & BUSINESS
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