Listing Courtesy of: Ryan Paige - Corcoran Baer & McIntosh 845-358-9440
$2,600,000 affordable loan icon Calculate Payment

510 W Boston Post Rd Mamaroneck, NY 10543

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Retail Residence
Beds
Baths
Sq. Ft.

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Last updated on 9/21/2024 9:29 PM
"HARBOR VIEW COMMERCIAL SPACE" - Presenting a rare investment opportunity in the heart of Mamaroneck's vibrant Sound Shore community. This premium retail property consists of two buildings, totaling 8,342 sq. ft. with five rentable units, offering incredible water views of Mamaroneck Harbor and exce...llent roadside exposure on the highly trafficked Boston Post Road. Strategically located across from the scenic Mamaroneck Harbor and Park, this property sits at the crossroads of a high-income, high-density demographic. The anchor unit is currently vacant, providing a unique opportunity to increase your rental portfolio's upside potential. Both buildings offer prime visibility, making them attractive to tenants looking to capitalize on the constant flow of foot and vehicle traffic along Boston Post Road. Additional on-site parking as well as street parking is available, enhancing accessibility for tenants and customers alike. Fully rented, both buildings can generate a rent roll exceeding $305,000 annually, offering investors a strong and stable return on investment. This ensures immediate cash flow with even greater potential when the vacant anchor space is leased. In addition to its current use, the site also presents a potential development opportunity for residential builders. New owners may have the chance to develop an incredible water-view condominium complex or rental building, offering residents stunning harbor vistas and easy access to Mamaroneck's vibrant waterfront. With the area's growing demand for luxury residential spaces, this property is perfectly positioned for future development. This is an exceptional opportunity to secure a stable, multi-tenant property in one of Westchester County's most sought-after areas, with the added potential for residential development. Don't miss the chance to invest in this thriving commercial hub with unbeatable location, visibility, and long-term growth prospects. Please contact agents for more detailed financial and rent roll information. Continue reading
MLS#
H6325888
Property Type
Retail
Year Built
1930
Sewer
Public Sewer

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Listing Courtesy of: Ryan Paige - Corcoran Baer & McIntosh 845-358-9440
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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