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Retail Space with Outdoor Seating
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40 Memorial Hwy, New Rochelle, NY 10801

Ground-level retail at the base of a 588-unit residential building, offering outdoor seating space.

Property Size2,395 SF
Days on Market1277

Property Features for 40 Memorial Hwy

General Information

Standard status Active
Size 2,395 SF
Property subtype RETAIL
Listing Agency: RIPCO Real Estate - Long Island
Listed By: Brian Von Schmid
Source: Moodyscre
Added: Jan 31, 2023 Changed: Jul 25 Last Checked: Jul 30 at 1:12PM

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 RIPCO Real Estate - Long Island

Investment Insights

Based on property information with market context.

This retail space is located at the base of a 588-unit residential building, positioned for day-to-day walk-in activity from the surrounding residential community. The premises also presents an outdoor seating opportunity, which can support tenant concepts that benefit from a sidewalk-adjacent dining or service layout.

The property is described as close to Metro-North, providing convenient transit access for both customers and employees. A significant expansion of new housing is also noted, with over 4,000 new residential units coming to the New Rochelle market.

As a for-lease ground-level retail offering with outdoor seating potential, it may be well suited for operators looking to serve a dense residential tenant base.

Key Highlights

  • Ground‑level retail located at the base of a 588‑unit residential building
  • Outdoor seating opportunity
  • Close to Metro North

Property Analytics

Current Use

Platinum cloud Clothing & Fashion Store Adroit Capital Group Bank Paula Sims-Edwards Physician Cabas Vargas Jenny ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Catering Service Acupuncture Bed & Breakfast Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,012
Businesses Nearby
201k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 40% Groceries 28% Shops & Services 25% Apparel 2%
ShopRite Groceries
56,657 visits/mo 0.5 miles
McDonald's Dining
38,369 visits/mo 0.5 miles
Taco Bell Dining
15,669 visits/mo 0.4 miles
Starbucks Dining
13,566 visits/mo 0.3 miles
Sunoco Shops & Services
13,442 visits/mo 0.4 miles

Demographics for 10801, NY

42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-level retail at the base of a 588-unit residential building, offering outdoor seating space.
Where is this retail space located?
The property is located at 40 Memorial Hwy New Rochelle, NY.
What are key features of this property?
This property features: Ground‑level retail located at the base of a 588‑unit residential building; Outdoor seating opportunity; Close to Metro North
(516) 933-8880 Call to check price and availability
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