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    FOR SALE
    Investment properties

    406 Center Ave, Mamaroneck, NY 10543

    564 SF 0.08 ac lot Built 1950
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-2109628
    Property summary
    AI-generated overview

    This 1,320-square-foot warehouse at 406 Center Ave, Mamaroneck, NY 10543, offers a unique investment opportunity. Located in a bustling downtown area within an M-1 zoned lot, this property presents versatile usage potential. The building itself comprises approximately 816 square feet of net rentable space, featuring dimensions of roughly 14' x 18' plus an additional 12' x 26' irregular section, and includes a basement. The lot, measuring approximately 3,485 square feet (66.84' x 56.10'), provides ample space, including outdoor parking for up to 20 vehicles. The property's strategic location in downtown Mamaroneck ensures high visibility and accessibility, benefiting from the presence of thousands of workers nearby throughout the week. The asking price is $695,000, with a 2024/2025 assessed value of $275,000 and corresponding real estate taxes of $6,272. Section/block/lot is 8/25/355. This property is perfect for a variety of uses, from a workshop or storage facility to an outdoor parking area. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Westchester County location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1950
    Total area 564 SF
    Lot 0.08 ac (3,485 SF)
    APN 553203 8-25-355
    UPID US63-2109628
    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
    • Hole In the Wall Food Market Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    406 Center Avenue LLC · 11 yrs held
    406 Center Avenue LLC
    since 2014
    1 recorded transaction
    2014
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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