800 Boston Post Rd Mamaroneck, NY 10543

Property Details for 800 Boston Post Rd

Year built

1954

Property size

4,700 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional multi-tenant retail property, located at 800 E Boston Post Road in Mamaroneck, NY, presents a compelling investment opportunity. The 4,700 square foot building, constructed in 1954, sits on a 0.25-acre lot and boasts a desirable C1 zoning classification. Currently housing two tenants, the property features a vacant unit with an open floor plan, perfect for a retail showroom, complete with lower-level storage and a loading dock. The second unit is occupied by a strong, long-term tenant and also includes lower-level space with a conveyor belt and loading dock. Twelve convenient parking spaces are available for customers and employees. The property offers a strong pro-forma NOI of $238,000 and a pro-forma cap rate of 9.15%, making it an attractive investment with significant potential for growth. The asking price is $2,600,000, translating to $553.19 per square foot. This Class B building presents an excellent opportunity for an owner-user or an investor seeking a stable, income-generating asset in a thriving Westchester County location. The property's convenient location and versatile layout make it an ideal investment for a variety of retail uses. The building's existing infrastructure, including the loading docks and ample parking, further enhances its appeal to potential tenants.