Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    231 5Th Ave Pelham, NY 10803

    For Lease
    $2,400 /Mo ($72 SF/Yr)

    Retail - Pelham, NY

    Type:Retail
    Property size:
    400 SF
    Days on Market:
    89
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 231 5Th Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RB2
    APN
    163.28-2-80
    Parking features
    Parking Lot
    Exterior features
    Level
    Size
    400 SF

    Utilities

    Heating system
    Oil, Steam

    Building Details

    Year built
    1988
    Building materials
    Brick
    Architectural style
    Other

    ERA Insite Realty (914) 948-3333 [email protected]

    Listing agent Donna Materasso (914) 337-0900 License #10301210562

    Listing date Sep 18, 2025

    MLS# 914562 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Pelham Retail Space Available

    Located on the main thoroughfare in Downtown Pelham, this retail space benefits from its proximity to a luxury apartment complex currently under construction. The property features a ground-level entrance and a large front window, providing excellent street exposure. With a property size of 400 square feet, the space is situated within walking distance of bus stops, the Metro-North train station, and local Pelham schools, ensuring a high volume of foot traffic. The zoning is RB2, allowing for a range of retail business uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Westchester
    State
    New York
    Longitude
    -73.780038
    Latitude
    40.926334

    Nearby Similar for Lease

    • $1,800 /Mo

      Adaptable Office/Studio/Workspace in Pelham

      Affordable Pelham office/studio space near shops, train, and highways.
      202 Sparks Ave, Pelham, NY 10803
      View Details
    • $2,900 /Mo

      Pelham Two-Bedroom Apartment For Rent

      Comfortable two-bedroom apartment in Pelham, near train and amenities.
      530 Fourth Ave, Pelham, NY 10803
      View Details
    • $4,500 /Mo

      Office and Automotive Space Available

      Versatile spaces with office, storage, and automotive capabilities.
      421 5Th Ave, Pelham, NY 10803
      View Details
    • $2,400 /Mo
      600 SF

      Retail Space in Pelham, NY

      Retail space with street exposure in Pelham, New York.
      225 5Th Ave, Pelham, NY 10803
      View Details
    • $5,100 /Mo

      Versatile Property with Office and Garage

      Office space and heated garage bays, convenient location.
      421 5Th Ave, Pelham, NY 10803
      View Details
    • $4,500 /Mo

      Versatile Property with Office and Garage

      Office space and heated garage with parking in Pelham.
      421 Fifth Ave, Pelham, NY 10803
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in downtown Pelham with high foot traffic.
    Where is this retail space located?
    The property is located at 231 5Th Ave Pelham, NY.
    What is the lease rate?
    The lease rate is $72 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location on the main thoroughfare, ensuring high visibility and accessibility.; - Situated next to a luxury apartment complex currently under construction, promising increased foot traffic and potential customer base.; - **Large front window and ground-level entrance providing excellent street exposure for the business.**
    (914) 337-0900
    Request Owner's contact information
    231 5Th Ave Pelham, NY 10803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 5Th Ave
    Pelham, NY 10803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 5Th Ave Pelham, NY 10803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.