Retail and Office
470 Main Street Unit Building North Castle, NY 10504
470 Main Street Unit Building, North Castle, NY, 10504
$1,200,000
For Sale
$1,200,000
Two-level retail and office space with a lower-level private entrance and direct access to a parking spot.
Property Size2,557 SF
Price / SF$469.30
Days on Market54
Property Features for 470 Main Street Unit Building
General Information
- Standard status
- Active
- Size
- 2,557 SF
- Property subtype
- Retail
Listing agency
(914) 588-1585
Listed by
Houlihan Lawrence Commercial
(914) 588-1585
Source
Xome
Added: May 30 Updated: Jul 21 at 3:37PM Checked: Jul 21 at 3:37PM
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 Commercial
Investment Insights
Based on property information with market context.
This commercial building offers main-level retail/showroom space, with office space on the upper level. A lower level includes a private entrance and a storage suite, and it provides direct access to a parking spot.
The property is located on Main Street in Armonk. Public remarks indicate strong local demand and limited commercial inventory in the area.
Zoning information in the remarks notes that (cb) allows for retail, boutique office users, and service-oriented uses in downtown Armonk.
The property is located on Main Street in Armonk. Public remarks indicate strong local demand and limited commercial inventory in the area.
Zoning information in the remarks notes that (cb) allows for retail, boutique office users, and service-oriented uses in downtown Armonk.
Key Highlights
- Main Street commercial space with main‑level retail/showroom and upstairs office area
- Lower level includes a private entrance, storage suite, and direct access to a parking spot
- Zoning (CB) allows for retail, boutique office, and service‑oriented uses in downtown Armonk
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 | $89.0k | $34.80 |
| − Vacancy | −$11.7k | −$4.59 |
| EGI | $77.2k | $30.21 |
| − OpEx | −$23.2k | −$9.06 |
| NOI | $54.1k | $21.14 |
2,557 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$772.4K
$675.8K – $901.1K
NOI $54,066 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$559.4K
$489.5K – $652.6K
NOI $39,156 @ 7.0% cap · market cap 3.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gumdrop Lane
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Storefront property - Two-level retail and office space with a lower-level private entrance and direct access to a parking spot.
Where is this storefront property located?
The property is located at 470 Main Street Unit Building North Castle, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Main Street commercial space with main‑level retail/showroom and upstairs office area; Lower level includes a private entrance, storage suite, and direct access to a parking spot; Zoning (CB) allows for retail, boutique office, and service‑oriented uses in downtown Armonk
