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Freestanding Retail Building in Port Chester

10 Mill Street Portchester, NY 10573

10 Mill Street, Portchester, NY, 10573
$2,500,000
For Sale
Claim this Listing
$2,500,000

Prime retail opportunity in a thriving Westchester County community.

Property Size4,928 SF
Lot Size0.22 Acres
Price / SF$507.31
AddedApr 15
Days on Market92
Last RefreshJul 2 at 2:19 am

Property Features for 10 Mill Street

General Information

Standard status
Active
Size
4,928 SF
Lot size
0.22 Acres
Property subtype
Retail

Properties For Sale

at 10 Mill Street Contact us

Listing office CBRE | Stamford

Listing date Apr 15, 2026

Source Cbre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Stamford


Investment Insights

Based on property information with market context.

Located in the Village of Port Chester, within the Town of Rye, this property features a freestanding retail building with 4,928 square feet of space on a 10.22-acre parcel. The property is positioned at the corner of Mill Street and Abendroth Avenue, one block from US Route 1, in the heart of Port Chester’s downtown. Situated at a visible gateway into the Village, it is one of the first properties encountered when entering from Greenwich’s Byram neighborhood. The waterfront property is in a transit-oriented setting within downtown Port Chester, across the street from The Abendroth, a newly constructed 209-unit multifamily community. It is also within walking distance of more than 500 recently delivered multifamily units and 0.3 miles from the Port Chester Metro-North Train Station. Located approximately 25 miles northeast of Midtown Manhattan, the property sits along the Byram River, forming the eastern border of Port Chester, benefiting from close proximity to Greenwich, Connecticut. The surrounding area has a labor availability of approximately 732,000 workers within a 10-mile radius. Port Chester is part of the I-287 East Submarket, which has a low vacancy rate of 3.2%.

Key Highlights

  • Prime, transit‑oriented location in downtown Port Chester, a thriving Westchester community with a vibrant dining scene and close proximity to affluent Greenwich, CT.
  • High visibility and accessibility at the corner of Mill Street and Abendroth Avenue, a key gateway into Port Chester, with a waterfront setting.
  • Strong demographics and economic momentum, supported by a robust labor pool of approximately 732,000 workers within a 10‑mile radius.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $171.5k $34.80
− Vacancy −$22.6k −$4.59
EGI $148.9k $30.21
− OpEx −$44.7k −$9.06
NOI $104.2k $21.14
4,928 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.49M
$1.30M – $1.74M (±1% cap)
NOI $104,200 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

Suggested Use

Real Estate Agency Acupuncture (Bike/Boat/Book/etc) Store Hotel & Motel (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Tanning Salon Locksmith (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Retail space - Prime retail opportunity in a thriving Westchester County community.
Where is this retail space located?
The property is located at 10 Mill Street Portchester, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime, transit‑oriented location in downtown Port Chester, a thriving Westchester community with a vibrant dining scene and close proximity to affluent Greenwich, CT.; High visibility and accessibility at the corner of Mill Street and Abendroth Avenue, a key gateway into Port Chester, with a waterfront setting.; Strong demographics and economic momentum, supported by a robust labor pool of approximately 732,000 workers within a 10‑mile radius.
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