Freestanding Retail Building in Port
10 Mill Street Portchester, NY 10573
10 Mill Street, Portchester, NY, 10573
$2,500,000
For Sale
$2,500,000
Prime retail opportunity in a thriving Westchester County community.
Property Size4,928 SF
Lot Size0.22 Acres
Price / SF$507.31
Days on Market98
Property Features for 10 Mill Street
General Information
- Standard status
- Active
- Size
- 4,928 SF
- Lot size
- 0.22 Acres
- Property subtype
- Retail
Properties For Sale
at 10 Mill Street Contact us
Listing agency
CBRE | Stamford
(203) 352-8919
Listed by
Jacqueline Novotny
(203) 352-8919
Source
Cbre
Added: Apr 15 Updated: Jul 10 at 12:33PM Checked: Jul 21 at 4:11AM
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 CBRE | Stamford
Investment Insights
Based on property information with market context.
Located in the Village of Port Chester, within the Town of Rye, this property features a freestanding retail building with 4,928 square feet of space on a 10.22-acre parcel. The property is positioned at the corner of Mill Street and Abendroth Avenue, one block from US Route 1, in the heart of Port Chester’s downtown. Situated at a visible gateway into the Village, it is one of the first properties encountered when entering from Greenwich’s Byram neighborhood. The waterfront property is in a transit-oriented setting within downtown Port Chester, across the street from The Abendroth, a newly constructed 209-unit multifamily community. It is also within walking distance of more than 500 recently delivered multifamily units and 0.3 miles from the Port Chester Metro-North Train Station. Located approximately 25 miles northeast of Midtown Manhattan, the property sits along the Byram River, forming the eastern border of Port Chester, benefiting from close proximity to Greenwich, Connecticut. The surrounding area has a labor availability of approximately 732,000 workers within a 10-mile radius. Port Chester is part of the I-287 East Submarket, which has a low vacancy rate of 3.2%.
Key Highlights
- Prime, transit‑oriented location in downtown Port Chester, a thriving Westchester community with a vibrant dining scene and close proximity to affluent Greenwich, CT.
- High visibility and accessibility at the corner of Mill Street and Abendroth Avenue, a key gateway into Port Chester, with a waterfront setting.
- Strong demographics and economic momentum, supported by a robust labor pool of approximately 732,000 workers within a 10‑mile radius.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.5k | $34.80 |
| − Vacancy | −$22.6k | −$4.59 |
| EGI | $148.9k | $30.21 |
| − OpEx | −$44.7k | −$9.06 |
| NOI | $104.2k | $21.14 |
4,928 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,200 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Prime retail opportunity in a thriving Westchester County community.
Where is this retail space located?
The property is located at 10 Mill Street Portchester, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime, transit‑oriented location in downtown Port Chester, a thriving Westchester community with a vibrant dining scene and close proximity to affluent Greenwich, CT.; High visibility and accessibility at the corner of Mill Street and Abendroth Avenue, a key gateway into Port Chester, with a waterfront setting.; Strong demographics and economic momentum, supported by a robust labor pool of approximately 732,000 workers within a 10‑mile radius.
