Mamaroneck, Rental Property - 8,342 sf, 0.34 acres $2,600,000
2024-09-11 21:21
$2,600,000 / 8342ft2 – Mamaroneck, Rental Property – 8,342 sf, 0.34 acres
510-516 W Boston Post Road, Mamaroneck, NY 10543
8342ft2
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“HARBOR VIEW COMMERCIAL SPACE” – Presenting a rare investment opportity in the heart of Mamaroneck’s vibrant Sod Shore commity. This premium retail property consists of two buildings, totaling 8,342 sq. ft. with five rentable its, 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 it is currently vacant, providing a ique opportity 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 opportity for residential builders. New owners may have the chance to develop an incredible water-view condominium complex or rental building, offering residents stning 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 opportity to secure a stable, multi-tenant property in one of Westchester Coty’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 beatable location, visibility, and long-term growth prospects. Please contact agents for more detailed financial and rent roll information.
https://www.baerhomes.com/homes/510-516-W-Boston-Post-Road/Mamaroneck/NY/10543/155021478/
post id: 7783994511
posted: 2024-09-11 21:21
updated: 2024-09-18 22:15
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