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    FOR SALE
    Investment properties

    37 S 5Th Ave, Mount Vernon, NY 10550

    0.05 ac lot
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-1936474
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 37 S 5th Ave, Mount Vernon, NY 10550, presents a unique investment opportunity. Currently configured as a fully built-out restaurant with an integrated lounge area, this space is ideally suited for experienced restaurateurs seeking a turnkey operation or savvy investors looking to capitalize on Mount Vernon's vibrant culinary scene. Situated in Westchester County, this prime location offers excellent visibility and accessibility. The property's existing restaurant build-out significantly reduces start-up costs and time, allowing for a quicker return on investment. The auction format offers a competitive and transparent acquisition process. This is a chance to own a well-established space ready for immediate use or creative reimagining. The auction concludes on August 19th, 2024, in Mount Vernon, NY. Please note that a reserve price is in effect. This property is zoned for mixed-use, offering flexibility for future adaptations. The property's precise square footage is not specified in the provided information. Interested parties should conduct their own due diligence to confirm all aspects of the property before bidding. Don't miss this chance to secure a thriving restaurant location in a desirable area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.05 ac (2,178 SF)
    APN 550800 165.70-3087-42
    UPID US63-1936474
    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
    Current use
    Occupant on record · Public records
    • Clinton's Southern Kitchen Restaurant
    • Web Tremont Llc Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $750k
    Owner & transaction history
    Fifth Avenue Bar Realty INC · 11 yrs held
    Fifth Avenue Bar Realty INC
    since 2014
    Last sale
    $750,000
    4 recorded transactions
    2014
    2013
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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