504 Fifth Ave, Pelham, NY 10803
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.
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Centre Stage Dance Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.