241 Broadway, Yonkers, NY 10705-1351
This exceptional 7,841 square foot vacant retail storefront, located at 241 S Broadway in Yonkers, NY, presents a compelling value-add investment opportunity. Situated on a 0.18-acre lot (65' x 120'), the property boasts 65 feet of prominent street frontage and provides six parking spaces. The single-story building features poured concrete floors designed for heavy weight distribution, making it suitable for a variety of retail or light industrial uses. The property is currently vacant, offering immediate occupancy and flexibility for the new owner. Zoned for restricted business use (BR District, residences excluded), this location in Southeast Yonkers' downtown area provides excellent visibility and accessibility. The total building square footage is 11,761 square feet, with 7,841 square feet of net rentable space. The property shares a driveway with the adjacent property to the south, enhancing convenience and accessibility. This is an ideal opportunity for an investor seeking a prime retail space in a thriving downtown location with significant potential for redevelopment or lease-up.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SB · Yonkers, NYYonkers. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.