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    9 4Th Ave Mount Vernon, NY 10550

    For Sale
    $580,000

    Prime Location, High Visibility, Owner/User

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 3,200 sq ft, two-story storefront in Mount Vernon, NY, is available for $580,000 ($181.25/sq ft). Located on South 4th Avenue, this Class C building offers high visibility and high foot traffic, steps from the Metro-North station. Built in 1932 (estimated) and renovated in 2006, the property features a large ground floor retail space with large windows and a rear restroom. A full basement provides ample storage, accessible from both inside and the sidewalk. The second floor, also accessible from the store, includes high ceilings, a restroom, and rear-facing windows, ideal for storage or office space. The property sits on a 0.05-acre lot and is zoned Downtown Business (DB). A recent tax grievance resulted in a nearly 50% reduction in property taxes. The building is currently vacant, but the possibility of acquiring existing inventory and/or the business is available as a separate transaction. This NNN-leased property is suitable for owner-users or investors and has a history of successful retail operations. The single-unit building offers a rare opportunity in a thriving shopping corridor.

    Property Features for 9 4Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,200 SF
    Class
    C
    Lot Size
    2,178 SF

    Building Details

    Year Built/Renovated
    1932/2006
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Prime Mt. Vernon 4th Ave retail location.
    • Excellent Metro‑North accessibility.
    • High visibility and traffic counts.
    • Property tax appeal successfully completed in Fall 2022.
    • Ideal for owner‑occupants or investors; proven retail history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm 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
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.836955593109
    Latitude
    40.911317343789

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, High Visibility, Owner/User
    Where is this individual retail property located?
    The property is located at 9 4Th Ave Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: Prime Mt. Vernon 4th Ave retail location.; Excellent Metro-North accessibility.; High visibility and traffic counts.
    Request Owner's contact information
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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
    9 4Th Ave Mount Vernon, NY 10550
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