39 Cedar StDobbs Ferry, NY 10522

For Lease
$420/SF/YR

13,000 SF Music Venue, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This stunning 13,000 square foot early 20th-century theater presents a unique investment opportunity in a vibrant river town. Currently configured as a single-tenant music store, warehouse, and recording studio—designed by renowned acoustician John Storyk—the property boasts several private rooms ideal for music lessons. Its rich history includes vaudeville performances and movie screenings, and the building retains many original features. The property's prime location offers easy access to a train station, numerous restaurants and bars, and high traffic areas. Previous plans, which could be revived, detail a comprehensive restoration to its original use as a theater with a capacity of 360 patrons, maintaining the existing four storefronts. However, the property's versatility extends beyond its historical roots. It offers significant potential for redevelopment, with possibilities including a dinner and movie theater with rooftop dining, conversion into apartments or condominiums, or adaptation into a sports or fitness facility. The existing five leased retail spaces provide immediate income potential, while the substantial square footage and prime location offer significant long-term value for investors and developers seeking a landmark property with diverse possibilities.

Highlights

  • 13,000 SF single-tenant retail space in a historic early 20th-century theater building.
  • Currently configured as a music store/warehouse and recording studio, with private music lesson rooms.
  • Located in a vibrant river town, near a train station, restaurants, and bars, with high traffic.
  • Suitable for adaptive reuse; potential for restoration to its original theater use (360-person capacity), or redevelopment into apartments, condos, or other commercial uses.

Unit(s) available at that property

Space
Size
0 SF
Rate per SF
$420

Location Insight

City
Dobbs Ferry
County
Westchester
State
New York
Latitude
41.0153302
Longitude
-73.8722181
39 Cedar St, Dobbs Ferry, New York

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39 Cedar St
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