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    524 Waverly Ave Mamaroneck, NY 10543

    Sponsored
    For Lease
    $21 SF/Yr

    Mamaroneck, NY Flex Space Available

    Lot size:
    13,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,400-square-foot industrial property in Mamaroneck, NY, offers a unique blend of warehouse and office space. Situated on a substantial 23,000-square-foot lot, this Class A building boasts a 6,700-square-foot ground floor warehouse featuring 14-foot ceilings and three drive-in doors. The second floor provides an additional 6,700 square feet of flexible loft/showroom/office space with 9- to 12-foot ceilings. Ample parking is available with 54 spaces. The property benefits from a prominent location on Waverly Avenue, a busy thoroughfare connecting Larchmont and Mamaroneck, offering excellent visibility and accessibility. Its M1 zoning allows for a variety of uses. The building, constructed in 1980, features a 221-foot frontage. Utilities include 400-amp power. Property taxes are $3 per square foot. An adjacent 25,000-square-foot lot is also available for lease, providing significant expansion potential. The landlord is open to build-to-suit renovations. The property's convenient location offers proximity to Mamaroneck Avenue's retail district, major highways (I-95, Hutchinson River Parkway, Route 1/Boston Post Road), and the Metro-North train station. This is a rare opportunity to secure a versatile and well-located industrial property in Southern Westchester County.

    Property Features for 524 Waverly Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,400 SF
    Class
    A
    Total Rate
    23450

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    13,400 SF
    Rate per SF
    $21

    HighLights

    • 13,400 SF industrial building in Mamaroneck, NY, on a 23,000 SF lot.
    • Features 6,700 SF ground‑floor warehouse with 14' ceilings and three drive‑in doors, plus 6,700 SF of second‑floor loft/office space with 9‑12' ceilings.
    • 54 parking spaces available.
    • Excellent location on Waverly Avenue with high visibility and easy access to I‑95, Hutchinson River Parkway, Route 1, and Metro‑North.
    Property Profile Location Intelligence

    Current Use by Public Records

    Autopart International Auto Parts Store

    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
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.74420674122
    Latitude
    40.948804509276

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    FAQs

    What type of property is this?
    Life science property - Mamaroneck, NY Flex Space Available
    Where is this life science property located?
    The property is located at 524 Waverly Ave Mamaroneck, NY.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 13,400 SF industrial building in Mamaroneck, NY, on a 23,000 SF lot.; Features 6,700 SF ground-floor warehouse with 14' ceilings and three drive-in doors, plus 6,700 SF of second-floor loft/office space with 9-12' ceilings.; 54 parking spaces available.
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    524 Waverly Ave Mamaroneck, NY 10543
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    Mamaroneck, NY 10543
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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

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    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
    524 Waverly Ave Mamaroneck, NY 10543
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