120 Pearl St, Mount Vernon, NY 10550
2 Industrial Properties | Online Auction Sale | Multiple Locations
For Sale
Active
- Property Type
-
Industrial
- Square Feet
- 76,000 SF
Listing Contacts
Jason M. Gold
Gabriel Elyaszadeh
Sophy Cardenas
- Property Info
Property Overview
Thirty (30) Day Closing Extension Option Available (60 Days Total to Close)
This prime industrial asset (555 E 242nd Street, Bronx, New York, and 118-120 Pearl Street, Mount Vernon, New York) located on the New York City-Westchester County border offers 76,000 square feet of versatile warehouse and industrial space. The vacant two-story plus lower-level asset is equipped with four loading docks that accommodate 53-foot trailers, two freight elevators, and ceiling heights ranging from 14 to 16 feet. The property also boasts a substantial power capacity of 4,000 amps and sits on a 2.44-acre lot. This versatile industrial property presents a rare opportunity to acquire a very well-located asset with immediate value-add potential, whether through lease-up of space or owner/user occupancy.
The building is strategically positioned with direct access to the Bronx River Parkway, providing seamless connectivity to major highways, including Interstates 87, 95, and 287, and the Cross-Country Parkway. The location is ideal for efficient transportation and logistics operations. It’s a 30- to 40-minute drive to Manhattan, Westchester, and Long Island, a one-day drive to key metro areas, just 20 minutes from the CSX Oak Point Yard, and less than an hour from JFK Airport and the Port of New York and New Jersey. Public transportation options, including bus and subway, further enhance accessibility, drawing local industrial companies like Unitex Textile Rental Services, SpeedPro NYC, and Trusco Building Supplies to the area.
The local industrial submarket boasts a low vacancy rate of 6.7%, with a decrease of 0.7% over the past year, reflecting the area's robust demand. Rents have seen steady growth, increasing by 2.6% from a year ago and 20.2% over the past three years. Mount Vernon, the only municipality in Westchester with two Metro-North train lines and three station stops, benefits from proximity to New York City subway stations and six major highways. The area’s accessibility, affordability, and diversity have cultivated a strong population of 1.2 million within a 5-mile radius, complemented by a daytime employee population of over 316,000.
555 E 242nd Street / 118-120 Pearl Street is an exceptional investment opportunity in a thriving market.
This prime industrial asset (555 E 242nd Street, Bronx, New York, and 118-120 Pearl Street, Mount Vernon, New York) located on the New York City-Westchester County border offers 76,000 square feet of versatile warehouse and industrial space. The vacant two-story plus lower-level asset is equipped with four loading docks that accommodate 53-foot trailers, two freight elevators, and ceiling heights ranging from 14 to 16 feet. The property also boasts a substantial power capacity of 4,000 amps and sits on a 2.44-acre lot. This versatile industrial property presents a rare opportunity to acquire a very well-located asset with immediate value-add potential, whether through lease-up of space or owner/user occupancy.
The building is strategically positioned with direct access to the Bronx River Parkway, providing seamless connectivity to major highways, including Interstates 87, 95, and 287, and the Cross-Country Parkway. The location is ideal for efficient transportation and logistics operations. It’s a 30- to 40-minute drive to Manhattan, Westchester, and Long Island, a one-day drive to key metro areas, just 20 minutes from the CSX Oak Point Yard, and less than an hour from JFK Airport and the Port of New York and New Jersey. Public transportation options, including bus and subway, further enhance accessibility, drawing local industrial companies like Unitex Textile Rental Services, SpeedPro NYC, and Trusco Building Supplies to the area.
The local industrial submarket boasts a low vacancy rate of 6.7%, with a decrease of 0.7% over the past year, reflecting the area's robust demand. Rents have seen steady growth, increasing by 2.6% from a year ago and 20.2% over the past three years. Mount Vernon, the only municipality in Westchester with two Metro-North train lines and three station stops, benefits from proximity to New York City subway stations and six major highways. The area’s accessibility, affordability, and diversity have cultivated a strong population of 1.2 million within a 5-mile radius, complemented by a daytime employee population of over 316,000.
555 E 242nd Street / 118-120 Pearl Street is an exceptional investment opportunity in a thriving market.
Highlights
- 76,000-square-foot two-story industrial warehouse on the Bronx-Mount Vernon border, with multiple loading docks and high-power capacity.
- Property features four loading docks that can accommodate 53’ trailers, two freight elevators, high-power capacity, and a sprinkler system.
- Vacant asset with immediate value-add opportunity with significant potential for value enhancement through lease-up of space or owner-user occupancy.
- Easily accessible to NYC and Westchester County, with quick access to major highways, train stations, and within an hour’s drive of JFK Airport.
- Two stories plus lower-level space (lower level: 18,000 square feet; ground level: 40,000 divisible square feet; second floor: 18,000 square feet).
- This industrial submarket has a low vacancy rate of 6.7%, with rising rents and increasing demand making this property a solid investment.
All available spaces
- Space
- Size
- 38,000 SF
- Space Subtype
- Industrial
- Space
- Size
- 38,000 SF
- Space Subtype
- Industrial
Nearby Properties
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