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480-484 Main St 10,854 SF 100% Leased Retail Building New Rochelle, NY 10801 For Sale
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Proximate to Numerous City Amenities
- Form-Based Zoning
EXECUTIVE SUMMARY
We are pleased to present for sale 480-484 Main Street in New Rochelle, NY (interchangeably the “Property” and the “Site”).
480-484 Main Street is a 16,553± SF site improved with a two-story 10,854± SF building that is currently multi-tenanted on the first floor and vacant on the second floor. The Site, which has 75’ of street frontage on Main Street and 15’ of street frontage on North Avenue, is situated in the Downtown Overlay Zone 2 - Downtown District.
Based on the size of the lot, the Site could qualify for Development Standard 2, which allow for up to 12 stories (with an additional two bonus stories for the Community Benefit Bonuses). The Form Based Downtown Overlay Zoning in its entirety can be found at: https://formbasedcodes.org/codes/new-rochelle-downtown-overlay-zone.
Located on the eastern side of the downtown area, a development on the Site would benefit from Long Island Sound water views.
The Property is conveniently located steps from downtown’s restaurants, coffee shops, and retail and within a 5-minute walk from the New Rochelle Transit Center, a stop for both Metro-North and Amtrak, and 0.5 miles from Interstate 95 (Exit 16).
480-484 Main Street is a 16,553± SF site improved with a two-story 10,854± SF building that is currently multi-tenanted on the first floor and vacant on the second floor. The Site, which has 75’ of street frontage on Main Street and 15’ of street frontage on North Avenue, is situated in the Downtown Overlay Zone 2 - Downtown District.
Based on the size of the lot, the Site could qualify for Development Standard 2, which allow for up to 12 stories (with an additional two bonus stories for the Community Benefit Bonuses). The Form Based Downtown Overlay Zoning in its entirety can be found at: https://formbasedcodes.org/codes/new-rochelle-downtown-overlay-zone.
Located on the eastern side of the downtown area, a development on the Site would benefit from Long Island Sound water views.
The Property is conveniently located steps from downtown’s restaurants, coffee shops, and retail and within a 5-minute walk from the New Rochelle Transit Center, a stop for both Metro-North and Amtrak, and 0.5 miles from Interstate 95 (Exit 16).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,854 SF
Building Class
C
Year Built
1960
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.43 AC
Zoning
DO-2
Frontage
4’ on Main St
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Shekinah Faith Ministries
- Services
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- -
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Shekinah Faith Ministries | Services | - | - | Jan 0000 |
Walk Score®
Walker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1000-000-001-00215-000-0022 | Improvements Assessment | $25,278 CAD |
| Land Assessment | $35,109 CAD | Total Assessment | $60,387 CAD |
PROPERTY TAXES
Parcel Number
1000-000-001-00215-000-0022
Land Assessment
$35,109 CAD
Improvements Assessment
$25,278 CAD
Total Assessment
$60,387 CAD
CONTACTS
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Al Mirin -
William Eisenhut -
Kate Schwartz -
Matthew Torrance -
Cushman & Wakefield
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480-484 Main St
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