Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building in Mount Vernon Title is generated by Realmo AI

    317 E 3rd Street, Mount Vernon, NY 10553

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,199,000

    Commercial building in light industrial district, ideal for contractors.

    Type:Commercial
    Lot size:
    0.06 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 25 at 8:11 pm

    Property Features for 317 E 3rd Street

    General Information

    Standard status
    Active
    Lot size
    0.06 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    VINCENT BUCCIERI

    Listing agent VINCENT BUCCIERI License #10301203112

    Listing office TODAY REALTY CORP.

    Listing date Mar 25, 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 TODAY REALTY CORP.

    HighLights

    • Centrally located in Mount Vernon's light industrial district with immediate access to major transportation and highways.
    • Equipped with an overhead door for easy access.
    • Includes a second‑floor administrative suite for office use.
    • Features a full basement for storage.
    • Ideal for a general contractor, plumber, electrician, or similar trades.
    • Currently utilized for sheet metal fabrication.

    Overview

    This commercial building is situated in the light industrial district of Mount Vernon, offering convenient access to major transportation routes and highways. The property is suitable for a general contractor, plumber, electrician, or similar trades, and is currently used for sheet metal fabrication. It features an overhead door for accessibility, a second-floor administrative suite suitable for office use, and a full basement for storage, providing a functional layout for operations and management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8240042
    Latitude
    40.9096728

    Nearby Similar for Sale

    • $949,000
      4,200 SF

      Pre-War Brick Two-Family Home

      Rare brick two-family with commuter access in Mount Vernon, NY.
      578 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $1,199,000

      Mount Vernon Commercial Building For Sale

      Commercial building in Mount Vernon's light industrial district.
      317 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $1,800,000
      5,000 SF

      Versatile Commercial Asset Near Train

      5,000 SF multi-use commercial asset across from Fleetwood Train Station.
      699 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details
    • $3,200,000

      Corner Commercial Property For Sale

      Rare corner commercial property with six storefronts and parking.
      200 W 1st Street, Mount Vernon, NY 10550
      View Details
    • $875,000
      3,000 SF

      Spacious Two-Family Mount Vernon Duplex

      Well-maintained duplex with flexible space in a convenient location.
      247 Nuber Avenue, Mount Vernon, NY 10553
      View Details
    • $865,000

      Elevate Bar & Lounge Opportunity

      Bar and lounge in prime location near transportation and shopping.
      130 E 1st Street, Mount Vernon, NY 10550
      View Details
    • $724,900

      Mount Vernon Three-Unit Property

      Well-maintained three-unit property in the heart of Mount Vernon.
      124 S 11th Avenue, Mount Vernon, NY 10550
      View Details
    • $699,999
      1,750 SF

      Mount Vernon Multi-Family A-Frame

      Legal two-family property in Mount Vernon, an investor's dream.
      13 Beach St, Mount Vernon, NY 10550
      View Details
    • $599,999

      Mount Vernon Two-Family Home

      Well-maintained two-family home in Mount Vernon with income potential.
      419 S 4th Avenue, Mount Vernon, NY 10550
      View Details
    • $795,000
      10,019 SF

      Mount Vernon Redevelopment Opportunity

      Redevelopment opportunity in Mount Vernon, 10,019 SF building.
      208 N 5th Ave, Mount Vernon, NY 10550
      View Details
    • $999,000

      Mount Vernon Multi-Unit Investment Opportunity

      Four-unit property with recent renovations near business district.
      125 North 5th Avenue, Mount Vernon, NY 10550
      View Details
    • $950,000

      Spacious Three-Family Home, Mount Vernon

      Three-unit property perfect for investment or owner-occupancy.
      17 Amsterdam Place, Mount Vernon, NY 10553
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Commercial building in light industrial district, ideal for contractors.
    Where is this manufacturing property located?
    The property is located at 317 E 3rd Street Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Centrally located in Mount Vernon's light industrial district with immediate access to major transportation and highways.; Equipped with an overhead door for easy access.; Includes a second‑floor administrative suite for office use.
    (718) 597-1777
    We can help!
    Listing Contact
    VINCENT BUCCIERI
    Real Estate License ID: 10301203112
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    317 E 3rd Street, Mount Vernon, NY 10553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!