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3 Macdonald Ave 2,800 SF 100% Leased Office Building Armonk, NY 10504 $1,944,042 CAD ($694.30 CAD/SF)
Investment Highlights
- In the middle of a Luxury Market
- Private, expansion potential
- Large parking lot, outdoor amenity space
Executive Summary
Rare Standalone Flex Building conveniently located in the Armonk business district.
The existing layout is suitable for medical, wellness, therapy, legal, office, accounting or other professional service users seeking a convenient place of business. The property sits on a flat .47 acres lot and features 2 driveways, and a back lot for up to 14+ cars. Positioned near the village center, Easy access to Route 22, 684. the property is surrounded by a mix of retail shops, restaurants, service businesses, and residential neighborhoods.
The property also presents potential upside through adaptive reuse, including the possibility of converting back to a residential or mixed-use/home office configuration, subject to Town of North Castle approvals. In a market where residential values remain strong and inventory is limited, this creates a compelling value-add angle for owner-users, investors, or specialty medical/professional buyers.
The existing layout is suitable for medical, wellness, therapy, legal, office, accounting or other professional service users seeking a convenient place of business. The property sits on a flat .47 acres lot and features 2 driveways, and a back lot for up to 14+ cars. Positioned near the village center, Easy access to Route 22, 684. the property is surrounded by a mix of retail shops, restaurants, service businesses, and residential neighborhoods.
The property also presents potential upside through adaptive reuse, including the possibility of converting back to a residential or mixed-use/home office configuration, subject to Town of North Castle approvals. In a market where residential values remain strong and inventory is limited, this creates a compelling value-add angle for owner-users, investors, or specialty medical/professional buyers.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,800 SF
Building Class
C
Year Built
1986
Price
$1,944,042 CAD
Price Per SF
$694.30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,400 SF
Building FAR
0.14
Lot Size
0.46 AC
Zoning
PBO - Existing commercial flex office building with potential adaptive reuse subject to Town of North Castle approvals.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3800-108-000-00003-000-0001-033-0000 | Improvements Assessment | $14,052 CAD |
| Land Assessment | $8,322 CAD | Total Assessment | $22,374 CAD |
Property Taxes
Parcel Number
3800-108-000-00003-000-0001-033-0000
Land Assessment
$8,322 CAD
Improvements Assessment
$14,052 CAD
Total Assessment
$22,374 CAD
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3 Macdonald Ave
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