800 Boston Post RdMamaroneck, NY 10543

For Sale
$2,600,000

Multi-Tenant Retail Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional multi-tenant retail property, located at 800 E Boston Post Road in Mamaroneck, NY, presents a compelling investment opportunity. The 4,700 square foot building, constructed in 1954, sits on a 0.25-acre lot and boasts a desirable C1 zoning classification. Currently housing two tenants, the property features a vacant unit with an open floor plan, perfect for a retail showroom, complete with lower-level storage and a loading dock. The second unit is occupied by a strong, long-term tenant and also includes lower-level space with a conveyor belt and loading dock. Twelve convenient parking spaces are available for customers and employees. The property offers a strong pro-forma NOI of $238,000 and a pro-forma cap rate of 9.15%, making it an attractive investment with significant potential for growth. The asking price is $2,600,000, translating to $553.19 per square foot. This Class B building presents an excellent opportunity for an owner-user or an investor seeking a stable, income-generating asset in a thriving Westchester County location. The property's convenient location and versatile layout make it an ideal investment for a variety of retail uses. The building's existing infrastructure, including the loading docks and ample parking, further enhances its appeal to potential tenants.

Highlights

  • 4,700 SF multi-tenant retail building on a 0.25-acre lot in Mamaroneck, NY.
  • Building features two units: one vacant with open floor plan, lower-level storage, and loading dock; the other occupied by a long-term tenant, also with lower-level space and loading dock.
  • Property includes 12 parking spaces.
  • C1 zoning.
  • Strong pro-forma NOI of $238,000 and a 9.15% cap rate; asking price $2,600,000 ($553.19/SF).

Property Details for 800 Boston Post Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,700 SF
Class
B
Year Built
1954
Stories
1
Units
2

Location Insight

City
Mamaroneck
County
Westchester
State
New York
Latitude
40.9536794
Longitude
-73.7247543
800 Boston Post Rd, Mamaroneck, New York

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800 Boston Post Rd
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