320 Webster Avenue presents an exceptional opportunity to acquire a fully leased, income producing mixed use retail property in New Rochelle, NY.


Property

Website:https://www.nestseekers.com/5708505
Address:
New Rochelle, NY 10801
Ownership: For Sale
Type: mixed-use
Lot Size: 0.2 Acres

Financials

Price:$2,850,000
Annual Taxes:$38,142.76

Description

320 Webster Avenue presents an exceptional opportunity to acquire a fully leased, income-producing mixed-use retail property in New Rochelle, NY. Positioned along Webster Avenue, this one-story masonry building offers a combination of established cash flow, strong street presence, and meaningful long-term upside for investors. The property consists of approximately 8,105 SF of building area, including approximately 6,127 SF of gross leasable area, situated on a 0.21-acre (9,147.6 SF) lot. The property is currently fully leased and generates approximately $180,000 in annual rental income, providing investors with immediate in-place revenue. One of the property's key investment advantages is its below-market rental structure, creating potential for future income growth as leases roll over. The property is zoned Neighborhood Business (NB) / C-1, providing flexibility and potential for repositioning over time. Conveniently located approximately 0.8 miles from the New Rochelle Metro-North Station and 1.3 miles from the Pelham Metro-North Station, the property benefits from excellent accessibility and connectivity throughout Westchester County and the New York City metropolitan area. With stable existing tenancy, strong in-place income, below-market rents, flexible zoning, and future rental upside, 320 Webster Avenue offers an attractive opportunity for investors seeking a well-positioned commercial asset in the New Rochelle market.

Amenities

  • Electricity Connected
  • Sewer Connected
  • Water Connected

Contact

2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Link NY Realty