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    37 5Th Ave Mount Vernon, NY 10550

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    For Sale
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    Prime Restaurant Space - Auction Now!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional mixed-use property, located at 37 S 5th Ave, Mount Vernon, NY 10550, presents a unique investment opportunity. Currently configured as a fully built-out restaurant with an integrated lounge area, this space is ideally suited for experienced restaurateurs seeking a turnkey operation or savvy investors looking to capitalize on Mount Vernon's vibrant culinary scene. Situated in Westchester County, this prime location offers excellent visibility and accessibility. The property's existing restaurant build-out significantly reduces start-up costs and time, allowing for a quicker return on investment. The auction format offers a competitive and transparent acquisition process. This is a chance to own a well-established space ready for immediate use or creative reimagining. The auction concludes on August 19th, 2024, in Mount Vernon, NY. Please note that a reserve price is in effect. This property is zoned for mixed-use, offering flexibility for future adaptations. The property's precise square footage is not specified in the provided information. Interested parties should conduct their own due diligence to confirm all aspects of the property before bidding. Don't miss this chance to secure a thriving restaurant location in a desirable area.

    Property Features for 37 5Th Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • Turnkey restaurant with integrated lounge in prime Mount Vernon, NY location.
    • Excellent visibility and accessibility in Westchester County.
    • Significant cost and time savings due to existing build‑out.
    • Auction format offers competitive acquisition; auction concludes August 19th, 2024.
    • Mixed‑use zoning allows for future adaptability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clinton's Southern Kitchen Restaurant Web Tremont Llc Website Designer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -73.8372867
    Latitude
    40.9102403

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Restaurant Space - Auction Now!
    Where is this mixed-use property located?
    The property is located at 37 5Th Ave Mount Vernon, NY.
    What are key features of this property?
    This property features: Turnkey restaurant with integrated lounge in prime Mount Vernon, NY location.; Excellent visibility and accessibility in Westchester County.; Significant cost and time savings due to existing build-out.
    Request Owner's contact information
    37 5Th Ave Mount Vernon, NY 10550
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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
    37 5Th Ave Mount Vernon, NY 10550
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