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338 Pelham Rd
New Rochelle, NY 10805
Retail Property For Sale
EXECUTIVE SUMMARY
The Property Consist of 3 Established Tenants
• 100% Occupancy with established, service-oriented tenants that are resilient to e-commerce threats
• Low Management Overhead — no anchors, low maintenance, and stable tenants
•Strong Consumer Demand from a growing residential base and nearby schools, parks, and medical offices
•Upside Potential via rent increases and value-add upgrades to exterior signage or façade
•Located in a Pro-Business Municipality, New Rochelle continues to encourage development and support small businesses
• 100% Occupancy with established, service-oriented tenants that are resilient to e-commerce threats
• Low Management Overhead — no anchors, low maintenance, and stable tenants
•Strong Consumer Demand from a growing residential base and nearby schools, parks, and medical offices
•Upside Potential via rent increases and value-add upgrades to exterior signage or façade
•Located in a Pro-Business Municipality, New Rochelle continues to encourage development and support small businesses
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,614 SF
Year Built
1929
Price
$1,134,887 CAD
Price Per SF
$434.16 CAD
Cap Rate
7.11%
NOI
$80,690 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.97
Lot Size
0.06 AC
Frontage
PROPERTY TAXES
| Parcel Number | 1000-000-002-00419-000-0001 | Improvements Assessment | $3,116 CAD |
| Land Assessment | $9,556 CAD | Total Assessment | $12,672 CAD |
PROPERTY TAXES
Parcel Number
1000-000-002-00419-000-0001
Land Assessment
$9,556 CAD
Improvements Assessment
$3,116 CAD
Total Assessment
$12,672 CAD
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