Renovated Victorian Mixed-Use
241 E Main, Mount Kisco, NY 10549
For Sale
$999,999
Two-level commercial property combines a bar and lounge with a spa and private parking on Main Street.
Property Size3,561 SF
Lot Size0.40 Acres
Days on Market210
Property Features for 241 E Main
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
The Foxes Real Estate
Listed By:
Roger Fox
(914) 421-6500
Source:
Ginnel
Added: Apr 14
Changed: Nov 3
Last Checked: Nov 8 at 12:06PM
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 The Foxes Real Estate
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Investment Insights
Based on property information with market context.
Built in 1890 and renovated for mixed-use operation, this Victorian commercial property offers two distinct levels of use. The first floor contains a bar and lounge, while the second floor is configured as a spa. The property is currently fully leased and includes private parking for 14 cars.
Located at 241 E Main in Mount Kisco, the building occupies a 17,600-square-foot lot measuring 80 by 220 feet. Its Main Street setting provides a prominent commercial address for the existing bar, lounge, and spa configuration.
Located at 241 E Main in Mount Kisco, the building occupies a 17,600-square-foot lot measuring 80 by 220 feet. Its Main Street setting provides a prominent commercial address for the existing bar, lounge, and spa configuration.
Key Highlights
- Renovated Victorian commercial property built in 1890
- First‑floor bar and lounge
- Second‑floor spa space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,214
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,280
$1.2M
Cap Rate 7%
$874,486
$874.5K
Cap Rate 9%
$680,156
$680.2K
Market Conditions
NOI Build-Up for 3,561 SF
Gross rent
$85.5K $24.00/SF
− Vacancy
−$3.8K −$1.08/SF
EGI
$81.6K $22.92/SF
− OpEx
−$20.4K −$5.73/SF
NOI
$61.2K $17.19/SF
Area
Westchester County, NY
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,280
Cap Rate 7%
$874,486
Cap Rate 9%
$680,156
Alternative Uses
Best Use
Specialty Retail
$874.5K
$765.2K – $1.02M
NOI $61,214 @ 7.0% cap · market cap 6.12%
Second Best
Mixed Use
$737.3K
$645.2K – $860.2K
NOI $51,612 @ 7.0% cap · market cap 5.16%
Theoretical Best
Retail
$1.08M
$941.2K – $1.25M
NOI $75,295 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,259
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 27%
Electronics 8%
Apparel 7%
Party City
Shops & Services
11,086 visits/mo
0.2 miles
Starbucks
Dining
10,960 visits/mo
0.4 miles
Bank of America
Shops & Services
6,797 visits/mo
0.4 miles
Citibank
Shops & Services
6,793 visits/mo
0.4 miles
Chopt
Dining
6,136 visits/mo
0.4 miles
Demographics for 10549, NY
16,837
Population
6,339
Households
2.7
Avg Household Size
42
Median Age
60%
College-Educated
88%
High-School Grad
19.1 sq mi
ZIP Area
882
Density / Sq Mi
$122,327
Median Household Income
$67,836
Median Earnings
$1,686
Median Rent
$652,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Westchester County, NY
Properties on Market for Mixed-use properties in Westchester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property combines a bar and lounge with a spa and private parking on Main Street.
Where is this mixed-use property located?
The property is located at 241 E Main Mount Kisco, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Renovated Victorian commercial property built in 1890; First‑floor bar and lounge; Second‑floor spa space
