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    504 Fifth Ave Pelham, NY 10803

    Sponsored
    For Sale
    $1,098,000

    High-traffic Pelham business, established tenant.

    Property size:
    1,915 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 1,915 square foot commercial property, located at 504 Fifth Avenue in Pelham, NY, presents a unique investment opportunity. Situated on a 0.05-acre lot in a desirable suburban area, this property boasts a strong existing tenant base, ensuring immediate income potential. The open layout offers flexibility for various business types, from retail to office space. Its prime location within a bustling community guarantees high foot traffic and proximity to numerous amenities, including restaurants like Sergio's, cafes, shops, and fitness centers. The property also offers significant development potential. Current zoning allows for the addition of a second floor, and Pelham's BDFZ law presents possibilities for residential conversion. This combination of immediate income generation and substantial future development potential makes this a rare and attractive investment in a thriving Pelham community. The property's versatile design allows for easy customization to suit diverse business needs, maximizing efficiency and productivity. Don't miss this chance to own a thriving commercial space with significant upside.

    Property Features for 504 Fifth Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,915 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Ballet Arts Dance School Centre Stage Dance Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Westchester County
    State
    New York
    Longitude
    -73.80533
    Latitude
    40.91876

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Pelham business, established tenant.
    Where is this commercial real estate located?
    The property is located at 504 Fifth Ave Pelham, NY.
    What is the asking price?
    The asking price for this property is $1,098,000.
    (917) 842-5552
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    504 Fifth Ave Pelham, NY 10803
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    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
    504 Fifth Ave Pelham, NY 10803
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