2500 Boston Post RdLarchmont, NY 10538

Property Details for 2500 Boston Post Rd

Year built

1960

Lot size

0.97 AC

Property size (Sq ft)

13,406 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

553289 5-3-123

APU

55328953123

Description

This exceptional investment opportunity presents two parcels totaling 1.16 acres on the highly sought-after Boston Post Road in Larchmont, New York. The main property, 2500 Boston Post Road, encompasses 0.97 acres and features a 13,406 square foot free-standing building currently operating as a Porsche dealership. This Class B building, renovated in 2010, boasts 26 customer parking spaces and additional storage for up to 50 vehicles. The property is zoned SB-R and benefits from an estimated 23,268 daily vehicle counts, ensuring high visibility and accessibility. The lease with Porsche is an Absolute NNN lease, expiring March 31, 2025. Across the street at 2523 Boston Post Road sits a 0.19-acre parcel, also SB-R zoned, currently leased as a used car dealership. Both properties offer significant potential for owner-users or future net-lease investments. The location provides convenient access to I-95, is within 20 miles of New York City, and is situated on a bus route. This portfolio presents a rare chance to acquire a well-established automotive retail presence in a prime Westchester County location. The property's strong tenant history, high traffic counts, and strategic location make it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,258,126

  6.5%

  $3,007,501

  7%

  $2,792,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,414,102

  Geo Method

  $4,414,102

• Alternative Use

  Use

  Valuation

  Residential

  $2,536,940

  Hospitality

  $2,323,823

  Educational

  $1,933,394

  Medical

  $1,999,886

  Retail

  $3,007,501

Location Insight

City

Larchmont

County

Westchester

State

New York

Latitude

40.9213

Longitude

-73.7648

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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