Retail Storefront with Adjacent
292 FIFTH AVE, New Rochelle, NY 10803
For Sale
Contact for pricing
Owner-occupied storefront building includes an adjacent vacant residential lot in New Rochelle.
Property Size1,100 SF
Lot Size0.20 Acres
Price / SF$499.09
Days on Market120
Property Features for 292 FIFTH AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Additional Details
Highway Access
Building Details
Year Built
Buildings
Units
Listing Agency:
The Agency
Listed By:
Bryan Lanza · License NY #10401287317
(914) 262-2598
Source:
Crexi
Added: Jul 15
Changed: Nov 1
Last Checked: Nov 10 at 9:00AM
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 Agency
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes a two-parcel assemblage featuring a commercial storefront building at 292 Fifth Avenue together with an adjacent vacant residential lot. The existing building is approximately 1,100 square feet and is currently owner-occupied by a long-established carpet cleaning business.
The property benefits from a pre-existing non-conforming commercial use that is described as grandfathered and within an R-2 Residential zoning district, with the non-conforming designation transferring with ownership subject to applicable municipal regulations. The adjacent vacant parcel totals approximately 5,861 square feet and provides additional flexibility for future possibilities subject to municipal approvals and zoning requirements.
This assemblage is presented for sale as a unique owner-user or investment opportunity where existing commercial utility is paired with an adjacent undeveloped lot, within a neighborhood where new commercial construction is noted as no longer permitted under current zoning.
The property benefits from a pre-existing non-conforming commercial use that is described as grandfathered and within an R-2 Residential zoning district, with the non-conforming designation transferring with ownership subject to applicable municipal regulations. The adjacent vacant parcel totals approximately 5,861 square feet and provides additional flexibility for future possibilities subject to municipal approvals and zoning requirements.
This assemblage is presented for sale as a unique owner-user or investment opportunity where existing commercial utility is paired with an adjacent undeveloped lot, within a neighborhood where new commercial construction is noted as no longer permitted under current zoning.
Key Highlights
- Two‑parcel assemblage in New Rochelle’s Congress Park neighborhood totaling approx. 8,495 SF
- 1,100‑SF owner‑occupied storefront (built 1956) currently used by a long‑established carpet cleaning business
- Pre‑existing non‑conforming commercial use allowed within an R‑2 Residential zoning district; designation transfers with ownership subject to municipal regulations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,259
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,180
$465.2K
Cap Rate 7%
$332,271
$332.3K
Cap Rate 9%
$258,433
$258.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$38.3K $34.80/SF
− Vacancy
−$5.1K −$4.59/SF
EGI
$33.2K $30.21/SF
− OpEx
−$10.0K −$9.06/SF
NOI
$23.3K $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%
$465,180
Cap Rate 7%
$332,271
Cap Rate 9%
$258,433
Alternative Uses
Best Use
Retail
$332.3K
$290.7K – $387.7K
NOI $23,259 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$727.3K
$636.4K – $848.5K
NOI $50,911 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 17%
Electronics 7%
Mobil
Shops & Services
12,732 visits/mo
0.2 miles
TD Bank
Shops & Services
8,802 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,319 visits/mo
0.2 miles
BP
Shops & Services
5,508 visits/mo
0.3 miles
Chase Bank
Shops & Services
5,451 visits/mo
0.4 miles
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Westchester County, NY
Properties on Market for Storefront properties in Westchester County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Graceland Flowers & Events — Mt Vernon, NY 10553
- Fabulous Flowers — 537 E 3rd St, Mt Vernon, NY 10553
- Polished Petals Florist — 537 E 3rd St, Mt Vernon, NY 10553
- 5th Avenue Flowers and Events — 1 Fifth Ave, Pelham, NY 10803
- Alessias floral Decorators — 324 Webster Ave, New Rochelle, NY 10801
Frequently Asked Questions
What type of property is this?
Storefront property - Owner-occupied storefront building includes an adjacent vacant residential lot in New Rochelle.
Where is this storefront property located?
The property is located at 292 FIFTH AVE New Rochelle, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑parcel assemblage in New Rochelle’s Congress Park neighborhood totaling approx. 8,495 SF; 1,100‑SF owner‑occupied storefront (built 1956) currently used by a long‑established carpet cleaning business; Pre‑existing non‑conforming commercial use allowed within an R‑2 Residential zoning district; designation transfers with ownership subject to municipal regulations
