Property summary
This exceptional commercial property, situated at 2 Valley Pl in Larchmont, NY 10538, presents a unique investment opportunity. Located on the border of New Rochelle, Larchmont, and Mamaroneck, this property benefits from high visibility and significant traffic volume on a busy thoroughfare. The property consists of a 2,600 square foot warehouse space, ideal for an auto repair shop or a variety of other uses. Two roll-up doors provide convenient access, and the space includes two installed vehicle lifts with room for two more. A 300 square foot office/waiting area adds functionality. Heating is provided by a Modine heater. The property also features a substantial 1,892 square foot outdoor lot, capable of accommodating at least fifteen vehicles. The 4,792 square foot total lot size offers ample space for operations and expansion. The property is zoned Service Business District (SB-R), allowing for a wide range of permitted uses, including offices, restaurants, ice cream parlors, and nurseries, making it a highly adaptable and valuable asset. This presents a compelling opportunity for owner-users or those seeking to capitalize on the area's strong residential density and high traffic counts. The asking price is $925,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
SB · Larchmont, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for SB in Larchmont, NY.
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