351 Central Ave
White Plains, NY 10606
Owner Financing Available To Qualified Buyers · Retail Property For Sale

PRIME RETAIL | OWNER-USER OR REDEVELOPMENT OPPORTUNITY
351 Central Avenue, White Plains, NY 10606
Asking Price: $3,099,000
Owner Financing Available – 20% Down
Property Overview
Positioned along the iconic Central Avenue corridor in White Plains, this freestanding 3,876 SF retail building on 0.29 acres represents one of the most sought-after commercial opportunities in Westchester County. Zoned B-3 (Business District), the property allows a wide range of permitted uses—including cannabis dispensary, medical office, childcare or educational facilities, fitness/recreation, restaurant, and multi-family or mixed-use redevelopment.
Currently occupied by Leewood Beverage Center (vacating upon sale), the building features 16’6” ceiling heights, 13 striped on-site parking spaces, and excellent frontage and visibility. With over 24,000 vehicles per day, this section of Central Avenue provides unmatched exposure and accessibility.
Investment Highlights
Building Size: ±3,876 SF
Lot Size: 12,740 SF / 0.29 Acres
Zoning: B-3 – Business Zoning District (Mixed-Use/Multi-Family Permitted)
Ceiling Height: 16’6”
Parking: 13 on-site striped spaces + street parking
2025 Taxes: $31,988
Traffic Count: 24,000+ Vehicles Per Day
Price: $3,099,000
Owner Financing: 20% Down Payment
Why Central Avenue, White Plains?
Central Avenue is one of Westchester County’s most dynamic and desirable commercial corridors—stretching from Yonkers to White Plains and lined with national retailers, auto dealerships, and restaurants. It is a proven destination for retail, medical, and lifestyle brands due to its unparalleled traffic volume, high-income demographics, and convenient access to major highways (I-287, Bronx River Parkway, Sprain Brook Parkway).
Nearby national and regional retailers include Shake Shack, McDonald’s, Panera Bread, H Mart, Ulta Beauty, PetSmart, Party City, Staples, DSW, Five Guys, The Vitamin Shoppe, and Verizon, along with Porsche, Honda, and Genesis dealerships.
The area has seen a steady uptick in redevelopment activity, with multiple new multifamily and mixed-use projects underway in and around downtown White Plains. These projects continue to elevate the corridor’s daytime and residential population, making Central Avenue a strategic location for both investors and owner-users.
Development Potential
The B-3 zoning designation allows for a mix of commercial and residential uses, providing flexibility for investors seeking to reposition or redevelop the property. With 0.29 acres and 16’6” clear height, the site can support new construction or adaptive reuse into a retail, medical, or cannabis-anchored facility, or even a boutique mixed-use development with upper-floor residential units.
Given the property’s proximity to major traffic nodes (over 21,000–23,000 VPD within 0.1 miles) and surrounding redevelopment, cannabis retail or medical dispensary use is especially promising, supported by strong visibility, private parking, and favorable zoning conditions.
Surrounding Market Momentum
White Plains continues to experience robust economic and demographic growth, driven by:
Expanding residential base with thousands of new apartments delivered or approved downtown
Influx of medical, retail, and hospitality investment
Strategic location between New York City and the affluent northern suburbs
Strong daytime population supported by major employers, medical institutions, and retail anchors
Summary
351 Central Avenue offers a rare opportunity to acquire a prime freestanding retail building in one of Westchester’s busiest and most established corridors. Whether re-tenanted, repurposed for cannabis or medical use, or redeveloped into a modern mixed-use concept, this property delivers exceptional long-term value in a market defined by growth, visibility, and sustained demand.