10 Broad StMount Vernon, NY 10552

Property Details for 10 Broad St

Lot size

0.26 AC

Property type

Retail properties

Property subtype

Other automotive properties

APN

550800 165.22-1021-8

APU

5508001652210218

Description

This exceptional 30,500 square foot multi-use commercial building at 10 Broad Street West in Mount Vernon, NY, presents a rare investment opportunity. Located in Fleetwood's vibrant retail/commercial submarket, this three-story, Class C building offers diverse usage possibilities, including retail, office, medical office, and warehouse space. The property features a flexible layout with a minimum divisible space of 10,000 square feet, divided among three suites. High ceilings ranging from approximately 9.75 to 14 feet provide ample space and versatility. The building boasts approximately 90 feet of frontage, two drive-ins, and 30+ parking spaces. Situated on an 11,160 square foot lot, zoned Downtown Business (DB), this property benefits from its high-traffic location and excellent accessibility. The area has experienced significant residential growth, with over 1,000 new units added recently and another 600+ units planned. Enjoy convenient access to major roadways including the Cross County Parkway, Bronx River Parkway, Hutchinson River Parkway, I-87, and I-95, providing easy commutes throughout the region. A short distance from the Fleetwood Metro North Station offers a simple commute to NYC. This prime location, combined with the building's versatility and the area's robust growth, makes this a compelling investment opportunity in a thriving Westchester County market. The property's strategic location allows easy navigation to east/west and north/south connections.

• CAP approach

  CAP return

  Valuation

  6%

  $2,752,614

  6.5%

  $2,540,874

  7%

  $2,359,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,729,235

  Geo Method

  $3,729,235

• Alternative Use

  Use

  Valuation

  Residential

  $2,143,322

  Hospitality

  $1,963,272

  Educational

  $1,633,419

  Medical

  $1,689,595

  Retail

  $2,540,874

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9257

Longitude

-73.8363

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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