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    OFF-MARKET
    Commercial real estate

    504 Fifth Ave, Pelham, NY 10803

    1,915 SF 0.05 ac lot Built 1980
    Property ID
    Property summary
    AI-generated overview

    This 1,915 square foot commercial property, located at 504 Fifth Avenue in Pelham, NY, presents a unique investment opportunity. Situated on a 0.05-acre lot in a desirable suburban area, this property boasts a strong existing tenant base, ensuring immediate income potential. The open layout offers flexibility for various business types, from retail to office space. Its prime location within a bustling community guarantees high foot traffic and proximity to numerous amenities, including restaurants like Sergio's, cafes, shops, and fitness centers. The property also offers significant development potential. Current zoning allows for the addition of a second floor, and Pelham's BDFZ law presents possibilities for residential conversion. This combination of immediate income generation and substantial future development potential makes this a rare and attractive investment in a thriving Pelham community. The property's versatile design allows for easy customization to suit diverse business needs, maximizing efficiency and productivity. Don't miss this chance to own a thriving commercial space with significant upside.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1980
    Total area 1,915 SF
    Lot 0.05 ac (2,178 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ballet Arts Training Center
    • Centre Stage Dance Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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