92 North Ave New Rochelle, NY 10801
- Office Properties & Spaces
- 15,000 SF
Current Use by Public Records
- Valeria's Photo Studio / Photographer / Wedding Photographer
- Klosek Clinic / Doctor
- PMS Construction Management / General Contractor
- Classic Valet Parking Inc / Valet Parking Service
- A & A Reliable Insurance Agency LLC / Insurance Agency / Auto Insurance Agency
Property Details for 92 North Ave
- Property size
- 15,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a three-lot assemblage totaling 0.56 acres (24,383 square feet) at 92 and 80 North Avenue in New Rochelle, NY. The property features a 15,000-square-foot, Class B office building currently at 100% occupancy, offering 13,000 square feet of net rentable space. Priced at $6,500,000 ($433.33 per square foot), this property boasts a strategic 195-foot frontage on a high-traffic thoroughfare. Located within the Downtown Overlay Zone (DO-3), this versatile assemblage allows for significant development potential, including the possibility of a 10-story building (subject to city approval). The site's zoning offers potential bonuses under the community benefit program, making it an attractive investment for commercial or mixed-use development. This rare opportunity allows for significant upside in a thriving downtown area. The property's current income stream provides immediate return on investment, while the development potential offers long-term growth opportunities. Don't miss this chance to capitalize on the vibrant growth of New Rochelle.
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 Rochelle
- County
- Westchester
- State
- New York
- Longitude
- -73.7778
- Latitude
- 40.9063
