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Central Motel Courtyard - REDEVELOPMENT 441 Central Ave 32 Room Hotel White Plains, NY 10606 For Sale
EXECUTIVE SUMMARY
CALL FOR PRICE
The Site consists of two tax lots totaling approximately 22,722 square feet with one lot, known as 441 Central Avenue, currently developed with a 28 guest room motel and the other lot, known as 19 Waldo Avenue, currently developed with a single family home.
Situated in the B-3 (Intermediate Business) zoning district, which permits hotels, multifamily housing and various other uses (see attached zoning code)
Section 125.72, Block 8, Lots 1 and 2
Approved in 2021 for the demolition of the existing two-story motel and single family home followed by the construction of a four-story, 45 foot tall, 37,142 square foot hotel with 87 rooms and amenities such as lobby, lounge, exercise room and meeting rooms along with off street parking for 88 cars provided by mechanized vehicle lifts
("Lifts") located on the first floor of the garage
The Site consists of two tax lots totaling approximately 22,722 square feet with one lot, known as 441 Central Avenue, currently developed with a 28 guest room motel and the other lot, known as 19 Waldo Avenue, currently developed with a single family home.
Situated in the B-3 (Intermediate Business) zoning district, which permits hotels, multifamily housing and various other uses (see attached zoning code)
Section 125.72, Block 8, Lots 1 and 2
Approved in 2021 for the demolition of the existing two-story motel and single family home followed by the construction of a four-story, 45 foot tall, 37,142 square foot hotel with 87 rooms and amenities such as lobby, lounge, exercise room and meeting rooms along with off street parking for 88 cars provided by mechanized vehicle lifts
("Lifts") located on the first floor of the garage
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 32 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1957 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.52 AC | Parking Ratio | 1.67/1,000 SF |
| Building Size | 22,775 SF | Corridor | Exterior |
| Zoning | B-3 - Allows mix use, either current use as a hotel with the option to expand up to 4 stories and 87 keys or a 44 apartments residential-commercial use. | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 22,775 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Exterior |
| Zoning | B-3 - Allows mix use, either current use as a hotel with the option to expand up to 4 stories and 87 keys or a 44 apartments residential-commercial use. |
AMENITIES
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 32 | $188.83 CAD | - |
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 1700-125-072-00008-000-0001 | Improvements Assessment | $13,756 CAD |
| Land Assessment | $65,342 CAD | Total Assessment | $79,098 CAD |
PROPERTY TAXES
Parcel Number
1700-125-072-00008-000-0001
Land Assessment
$65,342 CAD
Improvements Assessment
$13,756 CAD
Total Assessment
$79,098 CAD
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Central Motel Courtyard - REDEVELOPMENT | 441 Central Ave
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