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    260 North Ave New Rochelle, NY 10801

    Sponsored
    For Sale
    Contact for pricing

    Prime Downtown Location, Huge Potential

    Property size:
    14,671 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.75-acre property at 260 North Avenue in New Rochelle, NY, presents a significant redevelopment opportunity. The site boasts a prominent corner location in the heart of downtown, offering exceptional visibility and accessibility. Currently improved with a vacant 14,671 square foot, two-story building constructed in 1926 and renovated in 1962, the property is zoned DO-1/Downtown Development Standard 2, allowing for a building up to 24 stories, with potential for an additional four bonus stories. The site's substantial size and street frontage on North Avenue, Huguenot Street, and Lawton Street provide ample development potential. Its location offers convenient access to the New Rochelle Transit Center (Metro-North and Amtrak), and is within a half-mile of Interstate 95 (Exit 16). The previous owner-occupier, a bank, expressed interest in retaining a retail presence in any new development. This presents a unique opportunity to create a mixed-use development that caters to both residential and commercial needs in a thriving downtown area. The property's strategic location and flexible zoning make it an ideal investment for developers seeking a high-impact project in a dynamic New York market. The building itself is a single structure. The property is situated in Westchester County, New York, with a zip code of 10801.

    Property Features for 260 North Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,671 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built/Renovated
    1926/1962
    Buildings
    1
    Stories
    2

    HighLights

    • Redevelopment potential.
    • DO‑1/Downtown Development Standard 2 zoning.
    • Excellent access to city amenities.
    • Strategic location with convenient local and regional access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citizens Bank Citizens ATM Atm

    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
    -73.7822488
    Latitude
    40.9111117

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, Huge Potential
    Where is this individual retail property located?
    The property is located at 260 North Ave New Rochelle, NY.
    What are key features of this property?
    This property features: Redevelopment potential.; DO-1/Downtown Development Standard 2 zoning.; Excellent access to city amenities.
    Request Owner's contact information
    260 North Ave New Rochelle, NY 10801
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    New Rochelle, NY 10801
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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
    260 North Ave New Rochelle, NY 10801
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