350 Theodore Fremd AveRye, NY 10580

Property Details for 350 Theodore Fremd Ave

Year built

1985

Lot size

1.80 AC

Property size (Sq ft)

34,000 SF

Zone code

B1

Property type

Office properties

Property subtype

Office buildings

APN

551400 146-10-1-62-2

APU

551400146101622

Description

Lorono Plaza offers three available office suites, perfect for a variety of businesses. This Class B building, located minutes from downtown Rye, provides a private and secluded work environment. Suites range from 1,136 to 5,000 contiguous square feet, with a total of four suites in the building. The flexible space is ideal for traditional, medical, or creative office uses. High ceilings and thoughtful design create a productive and comfortable atmosphere. The building is well-suited for firms such as financial, legal, accounting, property management, or engineering/architecture companies. Ample on-site parking is included, ensuring convenient access for tenants and visitors. Its convenient location offers easy access to I-95/Hutchinson Parkway, providing seamless connectivity. A five-minute drive to downtown Rye and proximity to bus routes connecting to Metro-North trains makes commuting to Manhattan or Connecticut effortless. This is an exceptional opportunity to establish your business in a desirable Rye location, enjoying the convenience, comfort, and privacy this office building offers. Minimum divisible space is 1,136 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $5,621,216

  6.5%

  $5,188,814

  7%

  $4,818,185

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,442,440

  Geo Method

  $4,442,440

• Alternative Use

  Use

  Valuation

  Residential

  $6,434,130

  Hospitality

  $5,893,628

  Educational

  $4,903,430

  Medical

  $5,072,066

  Retail

  $7,627,557

Location Insight

City

Rye

County

Westchester

State

New York

Latitude

40.9771

Longitude

-73.6968

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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