Development Opportunity-Downtown New Rochelle
0.94 Acres of Commercial Land Offered at $5,250,000 USD in New Rochelle, NY 10801
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,250,000
- Sale Condition
- High Vacancy Property
- Property Type
-
Land
Listing Contacts
Trend Realty
Verified Profile
- Property Info
Property Overview
• Broad uses for the property, including: (i) business and professional offices, (ii) retail and personal services, (iii) banks, (iv) restaurants, (v) health clubs, and (vi) dwelling units located above retail
• Max building height is 40 feet, with a permitted floor area ratio of 2.0
• Located in highly trafficked area, directly off I-95, minutes from New York City and some of the most affluent towns in Westchester County, walk to New Rochelle's Metro North Train station for short train ride to Grand Central Terminal
• Located right outside the “Overlay Zone,” where the city of New Rochelle relaxed zoning requirements a few years ago leading to extensive development
• The property is located in an opportunity zone (https://esd.ny.gov/opportunity-zones), which may have potential tax benefits for a buyer’s project
• 13,647 square foot building on the property with 100 parking spaces, two full-sized industrial kitchens, and new tables, chairs, and place setting for at least 500 people
• Building Features:
Ground Floor: Two catering rooms, kitchen and two bathrooms
Second Floor: Two catering rooms, kitchen and two bathrooms
Basement: Storage, laundry, bridal suite, bathroom and refrigeration
• Max building height is 40 feet, with a permitted floor area ratio of 2.0
• Located in highly trafficked area, directly off I-95, minutes from New York City and some of the most affluent towns in Westchester County, walk to New Rochelle's Metro North Train station for short train ride to Grand Central Terminal
• Located right outside the “Overlay Zone,” where the city of New Rochelle relaxed zoning requirements a few years ago leading to extensive development
• The property is located in an opportunity zone (https://esd.ny.gov/opportunity-zones), which may have potential tax benefits for a buyer’s project
• 13,647 square foot building on the property with 100 parking spaces, two full-sized industrial kitchens, and new tables, chairs, and place setting for at least 500 people
• Building Features:
Ground Floor: Two catering rooms, kitchen and two bathrooms
Second Floor: Two catering rooms, kitchen and two bathrooms
Basement: Storage, laundry, bridal suite, bathroom and refrigeration
Property Details
- Property Subtype
- Commercial
Highlights
- Prime development opportunity in New Rochelle downtown
- Located in a highly trafficked area
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