1270 Saw Mill River RdYonkers, NY 10710

Property Details for 1270 Saw Mill River Rd

Year built

1970

Lot size

0.25 AC

Property size (Sq ft)

5,384 SF

Zone code

CM

Property type

Other commercial real estate

Property subtype

Showrooms

APN

551800 3.-3270-220

APU

55180033270220

Description

This exceptional investment opportunity presents a fully approved plan for a six-story, Class A, climate-controlled self-storage facility in Yonkers, New York. Situated on a 0.51-acre lot at 1270 Saw Mill River Road, this development boasts 82,140 gross square feet, yielding approximately 60,864 net rentable square feet (assuming a ±28% loss factor on floors 2-5). Zoning Board approvals are already in place, streamlining the development process. While prospective buyers will be responsible for securing Planning Board approvals, structural drawings, and building permits, this allows for customization to meet individual needs. The design thoughtfully incorporates an existing utility easement, requiring a minimum 15-foot clear height on the ground floor, while also including ample loading areas, parking, and additional rentable space. This property benefits from excellent visibility and frontage on Saw Mill River Road, providing easy access via I-87S, Saw Mill River Parkway, and Taconic State Parkway. The location is strategically positioned within a densely populated residential area, with approximately 387,000 people residing within a five-mile radius. The self-storage market penetration in this area is notably low, at less than 5 square feet per capita within the same radius, indicating significant market potential. This presents a compelling opportunity to capitalize on strong market fundamentals and deliver a high-demand self-storage facility to a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,500

  6.5%

  $1,207,846

  7%

  $1,121,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,772,753

  Geo Method

  $1,772,753

• Alternative Use

  Use

  Valuation

  Residential

  $1,018,863

  Hospitality

  $933,273

  Educational

  $776,472

  Medical

  $803,177

  Retail

  $1,207,846

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9787

Longitude

-73.8651

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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