Mount Vernon Industrial/Commercial
For Sale
Contact for pricing
Pending
323 Washington St, Mount Vernon, NY
Versatile industrial property suitable for various commercial uses.
Property Size2,024 SF
Lot Size0.12 Acres
Days on Market536
Property Features for 323 Washington St
General Information
Standard status
Pending
Size
2,024 SF
Lot size
0.12 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Parkside
Listing Agency:
Triforce Commercial Real Estate
(845) 450-6500
Listed By:
Jason Horowitz · License ##10491207540
(845) 323-9177
Source:
Moodyscre
Added: May 13, 2025
Changed: Oct 25
Last Checked: Oct 30 at 6:04PM
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 Triforce Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 323 Washington Street in Mount Vernon, NY, this industrial/commercial property is currently occupied by a glass business. The building presents an opportunity for various commercial or light industrial uses. The interior ceiling height is approximately 11'10", making it suitable for warehousing, light manufacturing, distribution, or use as a trade shop. The property features a solid industrial build, a flexible interior layout, and convenient street-level access for loading and unloading materials. A small yard is located off to the side. The property is zoned for industrial use and offers excellent accessibility and visibility. Its location provides proximity to major roadways and the Metro-North, facilitating efficient logistics and a connection to the Westchester and NYC markets. This property is ideal for owner-users or investors.
Key Highlights
- Excellent accessibility and visibility near major roadways and the Metro‑North, connecting to Westchester and NYC.
- Zoned for industrial use, offering versatile opportunities.
- Approximately 11'10" clear interior height, suitable for warehousing, light manufacturing, or distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,017
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,340
$620.3K
Cap Rate 7%
$443,100
$443.1K
Cap Rate 9%
$344,633
$344.6K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$38.9K $19.20/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$36.5K $18.03/SF
− OpEx
−$5.5K −$2.70/SF
NOI
$31.0K $15.32/SF
Area
Westchester County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,340
Cap Rate 7%
$443,100
Cap Rate 9%
$344,633
Alternative Uses
Best Use
Warehouse
$443.1K
$387.7K – $517.0K
NOI $31,017 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$410.5K
$359.2K – $478.9K
NOI $28,736 @ 7.0% cap · market cap 3.71%
Theoretical Best
Retail
$611.4K
$535.0K – $713.3K
NOI $42,796 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Marietta Storage Facility — 277 E 4th St #21, Mt Vernon, NY 10553
- Kras and Sons — 237 tecumseh ave, mt vernon, ny 10553
- Undisputed Enterprises LLC — 407 E 4th St, Mt Vernon, NY 10553
- arrow box — 80 hartford ave, mt vernon, ny 10553
- Safe Art SAT MV — 30 Haven Ave, Mt Vernon, NY 10553
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile industrial property suitable for various commercial uses.
Where is this warehouse located?
The property is located at 323 Washington St Mount Vernon, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Excellent accessibility and visibility near major roadways and the Metro‑North, connecting to Westchester and NYC.; Zoned for industrial use, offering versatile opportunities.; Approximately 11'10" clear interior height, suitable for warehousing, light manufacturing, or distribution.
