451 Old Nepperhan AveYonkers, NY 10703

This exceptional 2.7-acre industrial property at 451 Old Nepperhan Avenue in Yonkers, New York, presents a unique redevelopment opportunity. Currently improved with a 30,000 square foot building and a separate office structure, this site is the largest in Lower Westchester. The property boasts a 110,000 square foot footprint, a 25-foot ceiling height, and three dock-high doors. The existing structure is currently 100% occupied under a multi-tenant net lease with a remaining term of one year, expiring November 1, 2024. The property is zoned for industrial use and offers significant potential for various development projects, including senior housing, retirement facilities, retail, or multi-family residential. Its strategic location in Lower Westchester provides easy access to major highways and roads, making it an ideal location for businesses and residents alike. Built in 1950 and renovated in 2011, this single-story building sits on a 2.7-acre lot. The asking price is $16,000,000. The property is owned by an LLC and is being offered for sale by owner. This is a rare chance to acquire a substantial property in a highly desirable location with immense redevelopment potential. The property's current use as a construction yard further enhances its versatility. Consider the possibilities for car preparation, dealerships, wholesale auto sales, or auction yards for cars and equipment.