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Investment Highlights

  • Stand Alone, Downtown, Private Parking Lot, Flexible Zoning

Executive Summary

Downtown White Plains is undergoing a renaissance, and this property is perfectly positioned to ride the wave. Don’t miss your chance to own a slice of legacy with limitless upside.
Historic Charm Meets Modern Opportunity. Step into a piece of White Plains history with this quaint 1,666 SF former bank building nestled in the vibrant heart of downtown White Plains. Located on Church Street, part of the bustling retail corridors, transit hubs, and major redevelopment zones, this freestanding gem offers a rare blend of architectural character and strategic positioning.
40 Church Street located in the CB-3 Zone part of the Central Business District—is designed to support a vibrant mix of commercial, residential, and civic uses, especially in areas adjacent to transit and downtown amenities. It is a free standing multi-floor building located in the downtown section of the City of White Plains in which has major residential and commercial development within blocks of subject property.  The building has a rare private 4-vehicle parking area and additionally, the property is  adjacent to the Hamilton municipal parking garage containing over 1000 parking spaces. The 2 story building consists of 1,666 sf plus a basement measuring approximately 528 sf. for storage and utilities. The first floor is an open plan with an entrance foyer and one ADA lavatory.  The second floor contains an employee break room/kitchenette, a conference area and a private office.  The neighborhood is mostly commercial in character and is dominated by multistory office building and office/retail buildings. To the east of the building, its dominated by midrise apartment building.  To the south along Mamaroneck Avenue, the area is populated with retail, City Center and muti story apartment/retail buildings. To the west, the neighborhood is improved with numerous office building as well as ground-level retail uses.   The building is located with excellent accessibility to highway networks, employment centers and public transportation. In fact, its located .42 mile of White Plains Transportation Center (railroad station and bus depot).

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
1,666 SF
Building Class
C
Year Built
1950
Price
$1,914,463 CAD
Price Per SF
$1,149.14 CAD
Percent Leased
7%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.02 AC
Zoning
CB-3 - Office / Retail / Professional / Non-Profit Uses
Parking
4 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
67’ on Church St

Amenities

  • Banking
  • Bus Line
  • Commuter Rail
  • Restaurant
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Somewhat bikeable
30/100

Nearby Major Retailers

Cross Fit Westchester
Bank of America
Gyu-Kaku Japanese BBQ
The Original Pancake House
Buffalo Wild Wings
Morton's, The Steak House
Bonchon
Five Guys
Webster Bank
Citizens Bank

Property Taxes

Property Taxes

Parcel Number
1700-125-067-00008-000-0003
Land Assessment
$11,991 CAD
Improvements Assessment
$35,973 CAD
Total Assessment
$47,964 CAD
  • Listing ID: 37620247

  • Date on Market: 2025-09-10

  • Last Updated:

  • Address: 40 Church St, White Plains, NY 10601

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