Property profile

69 Pelham Rd New Rochelle, NY 10805

FOR SALE
Gas stations
Property ID
US63-2799594
0.09 ac lot
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 69 Pelham Road in New Rochelle, New York, presents a rare investment opportunity. The 5,662 square foot lot currently houses a well-established auto repair business, operating at 100% occupancy since 1999. Boasting stunning waterfront views, this property is ideally situated in a high-traffic area with an average daily count exceeding 11,000 vehicles. The property is zoned NB, offering considerable flexibility for a variety of uses including, but not limited to, retail establishments, banks, health clubs, schools, and professional offices. Its current configuration makes it well-suited for quick-lube services, tire shops, or other auto-related businesses. This presents a unique chance to acquire a substantial property in a desirable location. Furthermore, there's the potential to expand the footprint significantly by acquiring an adjacent 2,614 square foot lot, increasing the total land area to 8,276 square feet and providing 165 feet of frontage. This combined lot offers an unparalleled opportunity to consolidate two parcels in a highly sought-after area of New Rochelle. The asking price for this remarkable property is $1,850,000.

Property profile

Verified
Property type Gas stations
Use group GAS STATION
Lot 0.09 ac (3,920 SF)
APN 551000 1-209-0070
UPID US63-2799594

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

69 Pelham Rd New Rochelle, NY 10805
New Rochelle metro Census 5901 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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