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    481 Main St New Rochelle, NY 10801

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    For Sale
    Contact for pricing

    Prime Downtown Location, Fully Renovated

    Property size:
    24,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24,500 square foot, five-story multi-tenant office building is located at 481 Main Street in New Rochelle, New York, (zip code 10801). The property, built in 1929 and extensively renovated in 2022, boasts a Class C designation and features a mix of medical, storefront, and traditional office spaces across 15 units, currently operating at 100% occupancy. The building sits on a 0.11-acre lot (APN 1-229-0006) and is zoned DB. Recent improvements include a complete granite façade renovation, new front entrance, exterior lighting and awning (2013), a new gas boiler/burner (2012), removal of an underground fuel tank (2019), and the replacement of three rooftop AC units with 10-year warranties (April 2024), as well as additional AC unit replacements in 2023, 2022, and 2020. Its prime downtown location offers easy access to Metro-North Railroad and I-95, and benefits from its proximity to two major developments under construction/approval that will add over 800 residential units, and the proposed LINC Rail connecting downtown to Main Street and the Metro-North train station. This owner-user investment opportunity presents a compelling combination of strong tenancy and significant recent upgrades.

    Property Features for 481 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,500 SF
    Class
    C
    Lot Size
    4,792 SF

    Building Details

    Year Built/Renovated
    1929/2022
    Buildings
    1
    Stories
    5
    Units
    15

    HighLights

    • Prime downtown New Rochelle location.
    • Excellent access to Metro‑North Railroad and I‑95.
    • Predominantly medical office tenancy.
    • Fully renovated, Class C, 24,500 SF, five‑story multi‑tenant office building with 15 units, currently 100% occupied.
    • Adjacent to two major developments adding over 800 residential units.
    • Walking distance to the proposed LINC Rail connecting downtown to Main Street and the Metro‑North station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Computer Solutions East Software Company SSTC Transportation Bus Charter WICT DEVELOPMENT CORPORATION Employment Center Ms. Edili Maldonado Counselor Schroeder Mary Psychologist

    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
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.780979107445
    Latitude
    40.909297285976

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, Fully Renovated
    Where is this individual retail property located?
    The property is located at 481 Main St New Rochelle, NY.
    What are key features of this property?
    This property features: Prime downtown New Rochelle location.; Excellent access to Metro-North Railroad and I-95.; Predominantly medical office tenancy.
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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
    481 Main St New Rochelle, NY 10801
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