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    11 John R Albanese Pl Eastchester, NY 10709

    Sponsored
    For Sale
    $1,500,000

    High-traffic location, redevelopment potential.

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 1,500 square foot retail property, situated on a 0.56-acre lot in desirable Eastchester, NY, presents a unique investment opportunity. Boasting an expansive parking lot, the property enjoys prominent frontage on both John R Albanese Place (159 feet) and the heavily trafficked White Plains Road (Route 22, 154 feet). Currently utilized as an auto transportation service, the existing structure offers immediate income potential while simultaneously presenting significant redevelopment possibilities. The property is zoned RB, allowing for a wide array of commercial uses, including principal, permitted, and special uses. Previous groundwork has already been laid for a zoning change to permit the construction of a three-story housing complex, streamlining the approval process for a future developer. This prime location, combined with its substantial size and high visibility, makes this property an ideal investment for those seeking a strong return on investment through either continued operation or strategic redevelopment. The ample parking and convenient access to major roadways ensure high traffic flow and excellent exposure for any business. Don't miss this chance to acquire a versatile commercial property in a thriving Eastchester location.

    Property Features for 11 John R Albanese Pl

    General Information

    Property type
    Retail properties
    Square Feet
    1,500 SF
    Lot Size
    24,394 SF
    Location Intelligence

    Current Use by Public Records

    Eastchester Trip Service Limousine Service

    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
    Eastchester
    County
    Westchester County
    State
    New York
    Longitude
    -73.81867
    Latitude
    40.94941

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, redevelopment potential.
    Where is this retail property located?
    The property is located at 11 John R Albanese Pl Eastchester, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (845) 225-2020
    Request Owner's contact information
    11 John R Albanese Pl Eastchester, NY 10709
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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
    11 John R Albanese Pl Eastchester, NY 10709
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