481 Main StNew Rochelle, NY 10801

This exceptional 24,500 square foot, five-story multi-tenant office building is located at 481 Main Street in New Rochelle, New York, (zip code 10801). The property, built in 1929 and extensively renovated in 2022, boasts a Class C designation and features a mix of medical, storefront, and traditional office spaces across 15 units, currently operating at 100% occupancy. The building sits on a 0.11-acre lot (APN 1-229-0006) and is zoned DB. Recent improvements include a complete granite façade renovation, new front entrance, exterior lighting and awning (2013), a new gas boiler/burner (2012), removal of an underground fuel tank (2019), and the replacement of three rooftop AC units with 10-year warranties (April 2024), as well as additional AC unit replacements in 2023, 2022, and 2020. Its prime downtown location offers easy access to Metro-North Railroad and I-95, and benefits from its proximity to two major developments under construction/approval that will add over 800 residential units, and the proposed LINC Rail connecting downtown to Main Street and the Metro-North train station. This owner-user investment opportunity presents a compelling combination of strong tenancy and significant recent upgrades.