Grocery Store with
New
For Sale
$649,000
26 W Third Street, Mount Vernon, NY 10550
The sale includes the existing deli and grocery operation along with its building.
Property Size2,500 SF
Price / SF$259.60
Days on Market3
Property Features for 26 W Third Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$14,093
Building Details
Building Size
2,500 SF
Construction
brick
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Hermi Aquino · License #30AQ1103641
(646) 685-6269
Source:
Shawmetro
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:24AM
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 RE/MAX Distinguished Hms.&Prop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 26 W Third Street in Mount Vernon, this grocery and deli property includes a 2,500-square-foot brick building and the current business. The deli and grocery operation has been in business for more than 30 years.
The property is described as being near major highways, schools, and public transportation.
The property is described as being near major highways, schools, and public transportation.
Key Highlights
- Includes the building and established deli/grocery business
- 2,500‑square‑foot brick building
- Deli and grocery operation with more than 30 years in business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,861
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,220
$1.1M
Cap Rate 7%
$755,157
$755.2K
Cap Rate 9%
$587,344
$587.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$87.0K $34.80/SF
− Vacancy
−$11.5K −$4.59/SF
EGI
$75.5K $30.21/SF
− OpEx
−$22.7K −$9.06/SF
NOI
$52.9K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,220
Cap Rate 7%
$755,157
Cap Rate 9%
$587,344
Alternative Uses
Best Use
Retail
$755.2K
$660.8K – $881.0K
NOI $52,861 @ 7.0% cap · market cap 8.14%
Second Best
Specialty Retail
$613.9K
$537.2K – $716.3K
NOI $42,975 @ 7.0% cap · market cap 6.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,021
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 24%
Dining 16%
Apparel 9%
Food Bazaar Supermarket
Groceries
49,467 visits/mo
0.2 miles
Gulf Oil
Shops & Services
8,519 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,852 visits/mo
0.4 miles
Dollar General
Shops & Services
7,451 visits/mo
0.5 miles
Papa John's Pizza
Dining
6,061 visits/mo
0.4 miles
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Fine Fare Supermarkets — 4725 White Plains Rd, Bronx, NY 10470
- Las Antillas Produce Meat Market — 169 E 3rd St, Mt Vernon, NY 10550
- Caribbean Supermarket — 223 W 1st St, Mt Vernon, NY 10550
- Bani Food Market Corporation — 15 S Fulton Ave, Mt Vernon, NY 10550
- Foodtown of Mount Vernon — 31 E Prospect Ave, Mt Vernon, NY 10550
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes the existing deli and grocery operation along with its building.
Where is this grocery and convenience store located?
The property is located at 26 W Third Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Includes the building and established deli/grocery business; 2,500‑square‑foot brick building; Deli and grocery operation with more than 30 years in business
