1270 Saw Ml Riv Rd Yonkers, NY 10710-2722

Property Details for 1270 Saw Ml Riv Rd

Year built

1970

Lot size

0.25 lot acres

Property size

5,384 SF

Zone code

CM

Property type

Showrooms

APN

551800 3.-3270-220

APU

55180033270220

Description

This exceptional investment opportunity presents a fully approved plan for a six-story, Class A, climate-controlled self-storage facility in Yonkers, New York. Situated on a 0.51-acre lot at 1270 Saw Mill River Road, this development boasts 82,140 gross square feet, yielding approximately 60,864 net rentable square feet (assuming a ±28% loss factor on floors 2-5). Zoning Board approvals are already in place, streamlining the development process. While prospective buyers will be responsible for securing Planning Board approvals, structural drawings, and building permits, this allows for customization to meet individual needs. The design thoughtfully incorporates an existing utility easement, requiring a minimum 15-foot clear height on the ground floor, while also including ample loading areas, parking, and additional rentable space. This property benefits from excellent visibility and frontage on Saw Mill River Road, providing easy access via I-87S, Saw Mill River Parkway, and Taconic State Parkway. The location is strategically positioned within a densely populated residential area, with approximately 387,000 people residing within a five-mile radius. The self-storage market penetration in this area is notably low, at less than 5 square feet per capita within the same radius, indicating significant market potential. This presents a compelling opportunity to capitalize on strong market fundamentals and deliver a high-demand self-storage facility to a thriving community.

Location Insight

City

Yonkers

County

Westchester

State

New York

Longitude

-73.8651

Latitude

40.9787

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments