360 Mount Pleasant AveMamaroneck, NY 10543

Property Details for 360 Mount Pleasant Ave

Year built

1920

Lot size

0.14 AC

Property size (Sq ft)

5,620 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

553203 9-2-250

APU

55320392250

Description

This exceptional commercial retail property, located at 360 Mount Pleasant Avenue in the thriving town of Mamaroneck, New York, presents a compelling investment opportunity. The single-story building encompasses 6,085 square feet and sits on a 0.14-acre lot. Currently fully occupied by five tenants, the property generates a consistent income stream, making it an attractive asset for investors seeking stable returns. The building's prime location, just behind Mamaroneck's main shopping district and within easy walking distance of the Metro-North train station, ensures high visibility and accessibility. This strategic positioning within a high-demand market contributes significantly to its strong rental potential. Furthermore, the property offers significant upside potential. It includes residential development rights, subject to obtaining the necessary special permit. This presents an exciting opportunity for expansion or redevelopment, allowing for increased profitability and future growth. The property's current income-generating capacity, combined with its development potential, makes it a truly unique and valuable investment in a desirable location. The asking price is $1,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $929,154

  6.5%

  $857,680

  7%

  $796,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $734,309

  Geo Method

  $734,309

• Alternative Use

  Use

  Valuation

  Residential

  $1,063,524

  Hospitality

  $974,182

  Educational

  $810,508

  Medical

  $838,383

  Retail

  $1,260,790

Location Insight

City

Mamaroneck

County

Westchester

State

New York

Latitude

40.9514

Longitude

-73.737

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.