360 Mount Pleasant Ave Mamaroneck, NY 10543
For Lease
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This exceptional commercial retail property, located at 360 Mount Pleasant Avenue in the thriving town of Mamaroneck, New York, presents a compelling investment opportunity. The single-story building encompasses 6,085 square feet and sits on a 0.14-acre lot. Currently fully occupied by five tenants, the property generates a consistent income stream, making it an attractive asset for investors seeking stable returns. The building's prime location, just behind Mamaroneck's main shopping district and within easy walking distance of the Metro-North train station, ensures high visibility and accessibility. This strategic positioning within a high-demand market contributes significantly to its strong rental potential. Furthermore, the property offers significant upside potential. It includes residential development rights, subject to obtaining the necessary special permit. This presents an exciting opportunity for expansion or redevelopment, allowing for increased profitability and future growth. The property's current income-generating capacity, combined with its development potential, makes it a truly unique and valuable investment in a desirable location. The asking price is $1,900,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Mamaroneck, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.