Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
MRD · Mount Kisco, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for MRD in Mount Kisco, NY.
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