Versatile Flex Building
140 Old Saw Mill Riv Road, Hawthorne, NY 10532
18,000 SF Class A flex building for sale.
Type:Commercial
Property size:
18,000 SFLot size:
1.28 AcresPrice / SF:
$266/SF- Added:
- Apr 6, 2026
- Days on Market:
- 58
- Last Refresh:
- Apr 8 at 8:05 pm
Property Features for 140 Old Saw Mill Riv Road
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Lot size
- 1.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agent KENNETH LEFKOWITZ
Listing office HOULIHAN LAWRENCE INC. (914) 962-4900
Listing date Apr 6, 2026
Source Corcoran
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 HOULIHAN LAWRENCE INC.
HighLights
- 18,000 SF Class A flex building featuring high ceilings (21'9") and column‑free warehouse space.
- Delivered vacant on 1.28 acres in a prime commercial location.
- Extremely flexible C‑RB zoning allows for a wide range of uses.
- 5,970 SF second‑floor office space with private terraces and conference room.
- Excellent highway access off Route 9A, near major parkways and the Mario Cuomo Bridge.
- Features three drive‑in doors and 25+ on‑site parking spaces.
Overview
This 18,000 square foot Class A flex building, designed by architect Renato Severino and constructed in 1983-1984, was originally built as a commercial film studio and corporate headquarters. The building has since accommodated biotech, food, and beverage operations. The steel and masonry construction includes a main warehouse bay featuring 21.75-foot column-free ceilings and a roll-up garage door, along with two additional warehouse sections and three drive-in doors. The property also includes a 5,970 square foot second-floor office space with private terraces and a conference room, as well as approximately 5,000 square feet of ground-floor space suitable for food service or specialty retail. HVAC, security, natural gas, city water, and city sewer are in place. The property has 25 or more on-site parking spaces. Located off Route 9A, it is a quarter mile from the Saw Mill River Parkway and minutes from the Sprain Brook and Taconic parkways, and approximately 10 minutes from the Mario Cuomo Bridge. The Metro-North's Hawthorne station is nearby, surrounded by Amazon, auto dealerships, and established commercial neighbors. Situated on 1.28 acres along one of Westchester County's most active commercial corridors, the property is zoned C-RB in the Town of Mount Pleasant, accommodating warehouse, office, retail, restaurant, indoor recreation, medical, research and development, manufacturing, fitness, culinary, automotive, and studio uses. The property will be delivered vacant.
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 | $626.4k | $34.80 |
| − Vacancy | −$82.7k | −$4.59 |
| EGI | $543.7k | $30.21 |
| − OpEx | −$163.1k | −$9.06 |
| NOI | $380.6k | $21.14 |
18,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.44M
$4.76M – $6.34M
NOI $380,601 @ 7.0% cap · market cap 7.93%
Second Best
Warehouse
$3.94M
$3.45M – $4.60M
NOI $275,841 @ 7.0% cap · market cap 5.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Legend Electronics
Distribution Center
Similar Places Nearby
- Aramark — 10 Woods Rd, Valhalla, NY 10595
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Westchester
- State
- New York
- Longitude
- -73.8076108
- Latitude
- 41.0973493
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 18,000 SF Class A flex building for sale.
Where is this flex space located?
The property is located at 140 Old Saw Mill Riv Road Hawthorne, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 18,000 SF Class A flex building featuring high ceilings (21'9") and column‑free warehouse space.; Delivered vacant on 1.28 acres in a prime commercial location.; Extremely flexible C‑RB zoning allows for a wide range of uses.
