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    OFF-MARKET Estimated value $510,000
    Auto shops

    2 Vly Pl, Larchmont, NY 10538

    2,383 SF 0.11 ac lot Built 1930
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US63-1903252
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $345k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $669k
    Blend (final) Blend
    $510k
    Owner & transaction history
    CITI PARK SERVICE STATION INC · 2 yrs held
    CITI PARK SERVICE STATION INC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    SB · Larchmont, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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