39 Cedar St Dobbs Ferry, NY 10522

Property Details for 39 Cedar St

Lot size

0.21 lot acres

Property type

Investment properties

Property subtype

Live-work space

APN

552603 3.80-42-10

APU

5526033804210

Description

This stunning 13,000 square foot early 20th-century theater presents a unique investment opportunity in a vibrant river town. Currently configured as a single-tenant music store, warehouse, and recording studio—designed by renowned acoustician John Storyk—the property boasts several private rooms ideal for music lessons. Its rich history includes vaudeville performances and movie screenings, and the building retains many original features. The property's prime location offers easy access to a train station, numerous restaurants and bars, and high traffic areas. Previous plans, which could be revived, detail a comprehensive restoration to its original use as a theater with a capacity of 360 patrons, maintaining the existing four storefronts. However, the property's versatility extends beyond its historical roots. It offers significant potential for redevelopment, with possibilities including a dinner and movie theater with rooftop dining, conversion into apartments or condominiums, or adaptation into a sports or fitness facility. The existing five leased retail spaces provide immediate income potential, while the substantial square footage and prime location offer significant long-term value for investors and developers seeking a landmark property with diverse possibilities.

Location Insight

City

Dobbs Ferry

County

Westchester

State

New York

Longitude

-73.8722

Latitude

41.0153

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments