Property profile

6 Morgan Dr Mount Kisco, NY 10549

OFF-MARKET
Commercial land
Property ID
US63-1014310
3.83 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3.8-acre commercial land parcel presents a unique investment opportunity in Mount Kisco, New York. Located at 6 Morgan Drive, this property boasts a highly desirable location, situated near prominent medical facilities, including Northern Westchester Hospital, and other professional buildings within a one-mile radius. The property's zoning allows for a diverse range of development possibilities, including medical offices, senior living facilities, hotels, warehouses, manufacturing plants, apartment complexes, and self-storage facilities. Its proximity to a post office and a Frito-Lay distribution center further enhances its strategic appeal. The site's versatility is amplified by the potential to combine it with an adjacent 2.5-acre parcel for a larger-scale redevelopment project. This presents significant potential for expansion and increased value. Furthermore, the property's suitability for brownfield funding remediation opens avenues for cost-effective environmental improvements. The asking price is $947,368.43 per acre, reflecting the exceptional value and potential of this prime commercial land in Westchester County. The property is zoned for warehouse use, adding another dimension to its development potential. This is a rare opportunity to acquire a substantial land holding in a thriving and strategically important location. Don't miss this chance to capitalize on the significant growth potential of this exceptional property.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.83 ac (166,835 SF)
Zoning code MRD
APN 555601 80.55-1-2.1/3
UPID US63-1014310

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6 Morgan Dr Mount Kisco, NY 10549-2629
Mount Kisco metro Census 13000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2004
3 recorded transactions
2004
$750,000
2004
Price N/A
2004
$750,000

Zoning & alternative use

MRD · Mount Kisco, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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