245 247 251 & 253 Yonkers, NY 10705
- Retail properties
- 11,520 SF
Current Use by Public Records
- Retail properties
Property Details for 245 247 251 & 253
- Property size
- 11,520 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional redevelopment opportunity presents a portfolio of four buildings totaling 11,520 square feet situated on a prominent 130-foot frontage along South Broadway in Yonkers, New York. Currently operating at 100% occupancy with four separate tenants, the property offers immediate cash flow. Two leases are month-to-month, while two others extend to June 2026 and December 2028, providing a blend of short-term and long-term income streams. The buildings are zoned BR, allowing for a wide range of commercial uses including schools, restaurants, banks, medical offices, and theaters (refer to attached zoning documents for complete details on permitted and special permitted uses). This prime location in downtown Yonkers presents a unique chance to capitalize on a thriving commercial area. The asking price is $2,850,000, and the property is offered as a Net Net Net (NNN) lease. The buildings are individually addressed as 245, 247, 251, and 253 South Broadway, Yonkers, NY 10705, with SBL#s 1-208-11, 13, & 15. Residential use is not permitted in this zone. This is a first-time offering for sale.
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
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.8955
- Latitude
- 40.9256
