Pelham Commercial Space For
504 Fifth Avenue Pelham, NY 10803
For Sale
$925,000
Commercial space in Pelham with established tenant and development potential.
Property Size1,915 SF
Lot Size0.05 Acres
Price / SF$483.03
Days on Market1117
Property Features for 504 Fifth Avenue
General Information
Standard status
Active
Size
1,915 SF
Lot size
0.05 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
Capital Realty NY LLC
(917) 842-5552
Listed By:
Maurice Owen-Michaane · License #10491205580
(917) 842-5552
Source:
Exitrealty
Added: Jul 9, 2023
Changed: Jul 6
Last Checked: May 19 at 10:18PM
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 Capital Realty NY LLC
Investment Insights
Based on property information with market context.
This commercial space is located in Pelham, offering an opportunity for businesses seeking a prime location. The property benefits from an established tenant, ensuring foot traffic and a customer base. The space provides flexibility to accommodate various business types, such as a boutique, restaurant, or office space. The open layout allows for customization and adaptation to suit specific business needs. The property is located near restaurants, cafes, shops, and fitness centers. The property has the possibility of larger development, with the right to build a 2nd floor, and potential for residential development. The property size is 1915 square feet.
Key Highlights
- Prime location in the vibrant and sought‑after suburban town of Pelham.
- Established tenant provides a steady flow of foot traffic and a built‑in customer base.
- Potential for larger development, including the possibility of a second floor and residential development under Pelham BDFZ law.
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 | $66.6k | $34.80 |
| − Vacancy | −$8.8k | −$4.59 |
| EGI | $57.8k | $30.21 |
| − OpEx | −$17.4k | −$9.06 |
| NOI | $40.5k | $21.14 |
1,915 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$578.5K
$506.2K – $674.9K
NOI $40,492 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space in Pelham with established tenant and development potential.
Where is this retail space located?
The property is located at 504 Fifth Avenue Pelham, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime location in the vibrant and sought‑after suburban town of Pelham.; Established tenant provides a steady flow of foot traffic and a built‑in customer base.; Potential for larger development, including the possibility of a second floor and residential development under Pelham BDFZ law.
