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    Property profile & analytics
    OFF-MARKET
    Commercial land

    6 Morgan Dr, Mount Kisco, NY 10549-2629

    3.83 ac lot
    Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-1014310
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Creme De La Creme INC · 21 yrs held
    Creme De La Creme INC
    since 2004
    3 recorded transactions
    2004
    $750,000
    2004
    2004
    $750,000
    Zoning & alternative use
    MRD · Mount Kisco, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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