108 Sherman Ave New York, NY 10034
- Retail properties
- 7,500 SF
Current Use by Public Records
- Retail properties
Property Details for 108 Sherman Ave
- Property size
- 7,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 7,500 square foot retail building located at 108 Sherman Avenue in the vibrant Uptown Manhattan neighborhood of New York, NY 10034. The single-story building sits on a 7,500 square foot lot and boasts impressive 11-15 foot ceilings, providing ample space for a variety of retail uses. This property is being sold as a package deal with 110 Sherman Avenue, comprising a single tax lot with two buildings totaling 7,500 square feet. The combined lot size is substantial, offering significant potential for future development. The high-traffic location ensures excellent visibility and accessibility for businesses. This property is ideally suited for investors seeking a strong income stream or developers looking to capitalize on the R7-2 zoning designation, allowing for a 30,000 square foot mixed-use development incorporating commercial and residential components. The strategic location and development potential make this a rare and compelling opportunity in a highly sought-after area of Manhattan. Don't miss this chance to acquire a significant piece of Uptown Manhattan real estate. The asking price for this package deal is $6,800,000.
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 York
- County
- New York (Manhattan)
- State
- New York
- Longitude
- -73.9252
- Latitude
- 40.8642
