Commercial in Westchester County
| MLS Number | H6325887 |
|---|---|
| Address | 510-516 W Boston Post Road, Mamaroneck, NY 10543 show map |
| Price | $2,450,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1950 |
| Est. Sq. Footage | 0 |
| Zoning | |
| Current Uses | |
| Permitted Uses |
"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 rented until 2029. 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 for 12+ cars as well as street parking is available, enhancing accessibility for tenants and customers alike. Currently fully rented, both buildings generate a rent roll of $297,528 annually, offering investors a strong and stable return on investment with future upside as tenants turn over. All tenants are on multiple year leases with increases each year. This ensures immediate cash flow with even greater potential when vacancies open up. 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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