260 North Ave New Rochelle, NY 10801
- Retail properties
- 14,671 SF
- 0.75 lot acres
Current Use by Public Records
- Citizens / Bank / Atm
- Citizens ATM / Atm
Property Details for 260 North Ave
- Year built
- 1926
- Lot size
- 0.75 lot acres
- Property size
- 14,671 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Rochelle
- County
- Westchester
- State
- New York
- Longitude
- -73.7822
- Latitude
- 40.9111
