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94 Union Ave New Rochelle, NY 10801

For Sale
$999,000

Mixed-use property near downtown and train station.

Lot size:
0.09 Acres

Property Features for 94 Union Ave

General Information

Lot size
0.09 Acres

Source: Realmart Realty LLC Agent Shuai Zheng

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


Overview

New Rochelle Mixed-Use Investment

This mixed-use property is located in New Rochelle, New York, within a 5-minute walk to downtown and the train station. The ground floor features approximately 2,800 square feet of restaurant space, currently operating as a Cocina Mexicana & Tequila Bar. The restaurant has seating approved for 84 guests, including a 14-seat bar, and the layout is suitable for hosting events. The second floor contains two residential units: a one-bedroom apartment and a two-bedroom apartment. All units have separate utility meters, and tenants are responsible for their own heating and electricity. The restaurant's lease runs through 2029, with a monthly rent of $3,311. The restaurant tenants cover 50% of any property tax increase over the 2021 base year. The one-bedroom apartment rents for $1,500 per month, and the two-bedroom apartment rents for $2,050 per month. The restaurant rent is below market rate due to a $200,000 renovation investment by the restaurant owner in 2021.
Insight Report Location Intelligence

Current Use by Public Records

Sin Frontera Restaurant ... Latin American Restaurant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
New Rochelle
County
Westchester
State
New York
Longitude
-73.7887538
Latitude
40.9098846

FAQs

What type of property is this?
Mixed-use property - Mixed-use property near downtown and train station.
Where is this mixed-use property located?
The property is located at 94 Union Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - Prime location: **5-minute walk to downtown New Rochelle and the train station.**; - Mixed-use property with restaurant and residential income streams.; - Operating **2,800 sq ft restaurant space with seating for 84 and a 14-seat bar.**
More about this property
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