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Downtown Port Chester Mixed Use Investment 168-180 N Main St 20,000 SF 100% Leased Retail Building Port Chester, NY 10573 $4,779,078 CAD ($238.95 CAD/SF) 6.45% Cap Rate
Investment Highlights
- Strong In-Place Income with Upside – Stable NOI with below-market residential rents offering clear value-add potential
- Prime Downtown Location – Positioned in the heart of Port Chester’s Urban Core, steps from transit, dining, and major developments
- High Visibility Retail Corridor – 167’ frontage on North Main Street with strong foot traffic
- Diversified Tenant Mix – Food, service, and retail tenants reduce vacancy risk
- Rare On-Site Parking – 15 dedicated spaces + handicap space (highly desirable in downtown setting)
- As-of-Right Development Potential – Zoned for 2–8 story mixed-use redevelopment or expansion
Executive Summary
168–180 North Main Street presents a rare opportunity to acquire a fully stabilized, transit-oriented mixed-use asset in the heart of downtown Port Chester. The property consists of seven street-level commercial storefronts and six residential apartments, delivering immediate and diversified in-place cash flow with reduced tenant concentration risk.
Strategically located directly across from the new Abendroth mixed-use development and within a short walk to the Port Chester Metro-North Train Station, the asset benefits from strong foot traffic, excellent visibility, and continued investment throughout the surrounding area.
The investment offers a compelling value-add component, as the residential units are currently leased below market, allowing an investor to increase income over time through rent adjustments and natural tenant turnover. This upside is complemented by a stable commercial tenant base with leases extending through 2030, providing a strong foundation of predictable income.
Additionally, the property includes on-site parking for 16 vehicles (1 handicap space), a highly sought-after amenity in downtown Port Chester, further enhancing tenant demand and long-term leasing stability.
Situated within an Opportunity Zone and zoned CD-5, the site also offers as-of-right mixed-use development potential (2–8 stories), providing future optionality for redevelopment, expansion, or repositioning as the Village continues to evolve.
This offering is ideal for investors seeking a combination of stable in-place cash flow, long-term appreciation, and redevelopment potential in one of Westchester’s fastest-growing, transit-oriented downtowns.
Strategically located directly across from the new Abendroth mixed-use development and within a short walk to the Port Chester Metro-North Train Station, the asset benefits from strong foot traffic, excellent visibility, and continued investment throughout the surrounding area.
The investment offers a compelling value-add component, as the residential units are currently leased below market, allowing an investor to increase income over time through rent adjustments and natural tenant turnover. This upside is complemented by a stable commercial tenant base with leases extending through 2030, providing a strong foundation of predictable income.
Additionally, the property includes on-site parking for 16 vehicles (1 handicap space), a highly sought-after amenity in downtown Port Chester, further enhancing tenant demand and long-term leasing stability.
Situated within an Opportunity Zone and zoned CD-5, the site also offers as-of-right mixed-use development potential (2–8 stories), providing future optionality for redevelopment, expansion, or repositioning as the Village continues to evolve.
This offering is ideal for investors seeking a combination of stable in-place cash flow, long-term appreciation, and redevelopment potential in one of Westchester’s fastest-growing, transit-oriented downtowns.
Property Facts
Sale Type
Investment NNN
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
1866
Price
$4,779,078 CAD
Price Per SF
$238.95 CAD
Cap Rate
6.45%
NOI
$308,088 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
CD-5 - CD-5 Zoning - Urban Center Character District
-As-of-Right Development Potential – Zoned for 2–8 story mixed-use redevelopment or expansion
Parking
15 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4801-142-000-00023-001-0047-0000000 | Improvements Assessment | $2,712,854 CAD |
| Land Assessment | $626,683 CAD | Total Assessment | $3,339,536 CAD |
Property Taxes
Parcel Number
4801-142-000-00023-001-0047-0000000
Land Assessment
$626,683 CAD
Improvements Assessment
$2,712,854 CAD
Total Assessment
$3,339,536 CAD
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Downtown Port Chester Mixed Use Investment | 168-180 N Main St
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