Property profile

2 Vly Pl Larchmont, NY 10538

OFF-MARKET
Auto shops
Property ID
US63-1903252
2,383 SF 0.11 ac lot Built 1930
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1930
Total area 2,383 SF
Lot 0.11 ac (4,792 SF)
Zoning code SB
APN 553289 1-31-1
UPID US63-1903252

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Vly Pl Larchmont, NY 10538
Larchmont metro Census 7000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
$669k
Blend (final) Blend
$345k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

SB · Larchmont, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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