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260 North Ave
New Rochelle, NY 10801
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Proximate to Numerous City Amenities with Ideal Local & Regional Access
- Appeal of DO-1 / Downtown Development Standard 2 Zoning
EXECUTIVE SUMMARY
We are pleased to present for sale 260 North Avenue in New Rochelle, NY. 260 North Avenue is a 37,670± SF site improved with a 14,671± SF building that is currently occupied by Citizens Bank. The Site, which has street frontage on North Avenue, Huguenot Street and Lawton Street, is situated in the Downtown Overlay Zone 1 - Downtown Core District. Based on the size of the lot and the street frontage, the Site qualifies for Development Standard 2, which allow for up to 24 stories (with an additional 4 bonus stories for the Community Benefit Bonuses).
Citizens Bank, the current owner-occupier, would prefer to have a retail presence in any new development
on the Site.
Located on a prominent corner in the heart of downtown New Rochelle, the property is conveniently situated within a 2-minute walk from the New Rochelle Transit Center, a stop for both Metro-North and Amtrak, and 0.5 miles from Interstate 95 (Exit 16).
Citizens Bank, the current owner-occupier, would prefer to have a retail presence in any new development
on the Site.
Located on a prominent corner in the heart of downtown New Rochelle, the property is conveniently situated within a 2-minute walk from the New Rochelle Transit Center, a stop for both Metro-North and Amtrak, and 0.5 miles from Interstate 95 (Exit 16).
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
14,671 SF
Building Class
C
Year Built
1926
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.75 AC
Zoning
DO-1
Parking
35 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 1000-000-001-00229-000-0030 | Improvements Assessment | $10,724 CAD |
| Land Assessment | $105,684 CAD | Total Assessment | $116,408 CAD |
PROPERTY TAXES
Parcel Number
1000-000-001-00229-000-0030
Land Assessment
$105,684 CAD
Improvements Assessment
$10,724 CAD
Total Assessment
$116,408 CAD
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