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124 Palmer Ave 29,388 SF 100% Leased Retail Building Mamaroneck, NY 10543 $9,392,931 CAD ($319.62 CAD/SF) 7.19% Cap Rate
Investment Highlights
- Strong Retail Operators & Attractive Office Tenancy
- Private On-Site Parking & Adjacent Municipal Parking
- Highly Sought-After Westchester Sound Town
- 130' of Frontage on Palmer Avenue
- Close Proximity to Route 1/Boston Post Road & I-95
Executive Summary
Houlihan Lawrence Commercial is pleased to present a 29,388 SF mixed-use retail and office property located on Palmer Avenue in Mamaroneck, NY. The property is 100% occupied by a strong mix of retail and professional tenants, with the ground floor leased to established operators and the second floor occupied by a diverse group of users
including medical, legal, financial, and service-oriented professionals. The asset also features approximately 130' of frontage along Palmer Avenue and is supported by private on-site parking in the front and adjacent municipal parking in the rear.
Strategically positioned just off Mamaroneck Avenue, the property benefits from excellent visibility and accessibility, with close proximity to Route 1/Boston Post Road and I-95. Located within one of Westchester County’s most vibrant downtowns, the property is surrounded by a strong mix of national and local businesses, offering investors a rare opportunity to acquire a stabilized, cash-flowing asset in a highly sought-after market.
including medical, legal, financial, and service-oriented professionals. The asset also features approximately 130' of frontage along Palmer Avenue and is supported by private on-site parking in the front and adjacent municipal parking in the rear.
Strategically positioned just off Mamaroneck Avenue, the property benefits from excellent visibility and accessibility, with close proximity to Route 1/Boston Post Road and I-95. Located within one of Westchester County’s most vibrant downtowns, the property is surrounded by a strong mix of national and local businesses, offering investors a rare opportunity to acquire a stabilized, cash-flowing asset in a highly sought-after market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
29,388 SF
Building Class
C
Year Built
1928
Price
$9,392,931 CAD
Price Per SF
$319.62 CAD
Cap Rate
7.19%
NOI
$675,366 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.58 AC
Zoning
C2 - Central Commercial District
Parking
12 Spaces (0.41 Spaces per 1,000 SF Leased)
Frontage
130’ on Palmer Ave
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
-
$9.99
-
Lorem Ipsum
- -
The Dog Stop began in 2009 after research into the pet care market and the needs of dog owners. The company provides all-inclusive dog care services that include boarding, daycare, grooming, training, retail products, and in-home services. The business was built around a one-stop model for pet care, with services designed to cover daily care, enrichment, and related supply needs. The Dog Stop continues to operate as a franchise brand with a presence in the pet services market and a service mix centered on comprehensive dog care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | - | $9.99 | Lorem Ipsum | - |
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3203-009-000-00007-000-0386 | Improvements Assessment | $4,440,748 CAD |
| Land Assessment | $1,545,830 CAD | Total Assessment | $5,986,578 CAD |
Property Taxes
Parcel Number
3203-009-000-00007-000-0386
Land Assessment
$1,545,830 CAD
Improvements Assessment
$4,440,748 CAD
Total Assessment
$5,986,578 CAD
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124 Palmer Ave
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