1952 Commerce St, Yorktown Heights, NY 10598

1,480 SF 0.21 ac lot Built 1951

Entity Owned 6-yr Hold ~ Est. High Equity

Property ID

US63-2588561

Google Maps

This exceptional 12,971 square foot commercial land parcel, located at 1952 Commerce St, Yorktown Heights, NY 10598 (APN: Section 37.14 Block 2 Lot 54), presents a unique investment opportunity. Zoned C-2R, the property boasts fully approved plans for an 18-room luxury hotel, complete with a cafe and a rooftop restaurant. The approved building design encompasses a substantial three-story structure totaling 12,635 square feet, plus a 4,656 square foot rooftop area ideal for the planned restaurant, offering both indoor and outdoor seating for 50 guests each. A 1,994 square foot basement is also included in the plans. This turnkey project offers significant potential for immediate development and strong returns. The asking price is $1,900,000. The property is being offered for sale by owner. This is a rare chance to acquire a fully permitted development project in a desirable Westchester County location. Don't miss this opportunity to capitalize on the thriving hospitality sector in Yorktown Heights. All necessary approvals are in place, allowing for a streamlined development process. This prime location offers excellent visibility and accessibility, ensuring strong potential for occupancy and revenue generation.