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    FOR LEASE
    Showrooms

    540 Commerce St, Thornwood, NY 10594

    3,000 SF 0.38 ac lot Built 1999
    Entity Owned 25-yr Hold ~ Est. High Equity
    Property ID
    US63-1650073
    Property summary
    AI-generated overview

    This exceptional retail/office opportunity is located at 540 Commerce Street in Thornwood, New York, 10594. The property is a Class B building constructed in 1990, featuring a total of 4,000 square feet across two stories. Currently, there is 600 square feet of immediately available space, perfect for a variety of businesses. The minimum divisible space is 600 square feet, making it ideal for a single tenant or potentially divisible for smaller users. The building boasts eight total suites, with a high 10-foot ceiling height. The zoning is classified as C, allowing for a range of commercial uses. This end-unit space is situated on busy Commerce Street, providing excellent visibility and accessibility for customers. The building is comprised of one building with multiple tenants, offering a vibrant and established commercial environment. This is a first-floor space, offering convenient street-level access. Don't miss this chance to secure a prominent location in a thriving Thornwood commercial district.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1999
    Total area 3,000 SF
    Lot 0.38 ac (16,553 SF)
    APN 553489 112.6-1-57
    UPID US63-1650073
    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
    • Choice Kitchen & Bath Inc. Hardware & Home Improvement Kitchen & Bath Showroom
    • Lisi Contracting Construction Company General Contractor
    • Gold Lux Hair Salon Nail Salon
    • Hair Studio 540 Hair Salon
    • Trinket & Treasure Clothing & Fashion Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $670k
    Comparable Approach Comparable
    $616k
    Blend (final) Blend
    $535k
    Owner & transaction history
    Coliseum Builders INC · 25 yrs held
    Coliseum Builders INC
    since 2000
    5 recorded transactions
    2019
    2000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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