100 Purchase StRye, NY 10580

This exceptional mixed-use property presents a compelling investment opportunity in the vibrant city of Rye, NY. Located on Purchase Street, this 6,000 square foot site boasts a highly desirable location, directly adjacent to a municipal lot and across from the Metro-North Railroad Station, ensuring excellent visibility and accessibility. The property currently features a 1,925 square foot building situated on a 30' x 100' lot, with an additional 30' x 100' lot included in the sale, totaling 60' x 100'. The existing structure provides immediate income potential or a platform for redevelopment. The site's zoning allows for a significant increase in building size. Specifically, the Floor Area Ratio (FAR) permits the construction of a three-story building with a total of 12,000 square feet. This presents a unique opportunity to develop a mixed-use building, incorporating retail space on the first floor and office or residential units on the upper two floors. The strategic location, combined with the substantial development potential, makes this property an exceptional investment for both experienced developers and astute investors seeking a high-return opportunity in a thriving market. The seller is highly motivated.