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    39 Cedar St Dobbs Ferry, NY 10522

    Sponsored
    For Sale
    $3,100,000

    Iconic Retail Space, 13,000 SF

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This remarkable 13,000-square-foot storefront property, located at 39 Cedar St in Dobbs Ferry, NY 10522, presents a unique investment opportunity. Originally a theater showcasing vaudeville and movies, this early 20th-century building retains many of its original features. Currently configured as a music store, warehouse, and recording studio—designed by John Storyk—it also includes several private rooms ideal for music lessons. The property's versatility allows for continued use in its current format or redevelopment to suit a variety of concepts. Previous plans envisioned a complete restoration to its original theater function, accommodating 360 patrons while maintaining the existing five leased retail spaces. Alternative uses could include a modern dinner and movie theater with rooftop dining, residential conversion into apartments or condominiums, or a sports and fitness facility. Its prime location in a vibrant river town, close to a train station, numerous restaurants and bars, and a high-traffic area, ensures strong potential for success. The asking price is $3,100,000, translating to $238.46 per square foot. This exceptional property offers a blend of history, character, and significant redevelopment potential in a highly desirable location. Westchester County's thriving market makes this a compelling investment for both seasoned developers and astute investors seeking a unique and profitable venture.

    Property Features for 39 Cedar St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,000 SF

    HighLights

    • $3,100,000 asking price for a 13,000 SF retail storefront.
    • Located at 39 Cedar St, Dobbs Ferry, NY 10522.
    • Features include five leased retail spaces and a recording studio designed by John Storyk.
    • Potential for redevelopment into various uses, including residential, entertainment, or continued retail.
    • Situated in a vibrant river town near a train station, restaurants, and bars.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverworks Recording Recording Studio Stolen Moments Entertainment Band Muzic Store Inc Musical Instrument Store

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dobbs Ferry
    County
    Westchester
    State
    New York
    Longitude
    -73.8722181
    Latitude
    41.0153302

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    Nearby Similar for Sale

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      Well-Maintained Co-op in Dobbs Ferry

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      Dobbs Ferry Mixed-Use Investment

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      Dobbs Ferry Village Multifamily

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      Dobbs Ferry Mixed-Use Investment

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    FAQs

    What type of property is this?
    Individual retail property - Iconic Retail Space, 13,000 SF
    Where is this individual retail property located?
    The property is located at 39 Cedar St Dobbs Ferry, NY.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: $3,100,000 asking price for a 13,000 SF retail storefront.; Located at 39 Cedar St, Dobbs Ferry, NY 10522.; Features include five leased retail spaces and a recording studio designed by John Storyk.
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    39 Cedar St Dobbs Ferry, NY 10522
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    Dobbs Ferry, NY 10522
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    Realmo Value Estimation

    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.

    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.

    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
    39 Cedar St Dobbs Ferry, NY 10522
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