400 Riverdale Ave Yonkers, NY 10705
- Commercial land
- 0.11 lot acres
Current Use by Public Records
- Commercial land
Property Details for 400 Riverdale Ave
- Lot size
- 0.11 lot acres
- Zone code
- BA
- Property type
- Commercial land
- APN
- 551800 1.-130-43
- APU
- 551800113043
Description
This exceptional 12,429 square foot shopping center, located at 400 Riverdale Avenue in Yonkers, New York (zip code 10705), presents a compelling investment opportunity. Priced at $500,000 ($56 per square foot), this mixed-use property sits on a 4,143 square foot lot and is zoned BA. The property is ideally situated on a major retail thoroughfare within a densely residential neighborhood, offering significant potential for development or redevelopment. Its prime location provides easy access to NYC via the nearby Ludlow Metro North station and the 8 bus line. Surrounded by amenities including schools, parks, restaurants, bars, and various retail establishments, this property benefits from a strong local community and high foot traffic. Yonkers itself is a thriving community known for its excellent schools and desirable lifestyle. The combination of accessibility, affordability, and the surrounding vibrant neighborhood makes this a truly unique investment prospect in an up-and-coming area. This shovel-ready site allows for the construction of a 12,500 square foot mixed-use building, capitalizing on the current lack of new construction in the area.
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
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.9011
- Latitude
- 40.9186
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
