10 2nd Ave Mount Vernon, NY 10550-3447
- Showrooms
- 0.17 lot acres
Current Use by Public Records
- Bryce Dental / Dental Laboratory / Dentist
- Dentalcrafts Masters / Dental Laboratory
- RSI / Software Company
- Cities of Refuge Ministries / Church
- Yusuf Shah Islamic Center / Mosque
Property Details for 10 2nd Ave
- Lot size
- 0.17 lot acres
- Property type
- Showrooms
- APN
- 550800 165.70-3112-8
- APU
- 5508001657031128
Description
This exceptional mixed-use redevelopment opportunity encompasses two buildings totaling 17,033 square feet on a 0.22-acre lot in vibrant downtown Mount Vernon, NY. The property, currently configured as two three-story structures built in 1940, offers significant upside potential. Zoned Downtown Business (DB), it permits up to ten stories of development, including professional offices, restaurants, hotels, bars, nightclubs, and other commercial uses. Strategically located less than 1,000 feet from the Mount Vernon East Metro North Train Station, it provides easy access to New York City. This prime location, within an Opportunity Zone and approximately 13 miles northeast of Midtown Manhattan, benefits from a strong and growing commercial rental market, serving a population of approximately one million residents within a five-mile radius. The asking price is $3,950,000, representing $231.90 per square foot. The property can be delivered vacant and is offered fee simple. This is a rare chance to acquire a value-add or development opportunity in a thriving Westchester County location. The property consists of two units, each priced at $1,975,000. No rent bumps are in place, and lease options are not available. The property has no tenant credit rating.
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
- Mount Vernon
- County
- Westchester
- State
- New York
- Longitude
- -73.8353
- Latitude
- 40.9115
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
