10 2Nd AveMount Vernon, NY 10550

For Sale
$3,950,000
Prime Downtown location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional mixed-use redevelopment opportunity encompasses two buildings totaling 17,033 square feet on a 0.22-acre lot in vibrant downtown Mount Vernon, NY. The property, currently configured as two three-story structures built in 1940, offers significant upside potential. Zoned Downtown Business (DB), it permits up to ten stories of development, including professional offices, restaurants, hotels, bars, nightclubs, and other commercial uses. Strategically located less than 1,000 feet from the Mount Vernon East Metro North Train Station, it provides easy access to New York City. This prime location, within an Opportunity Zone and approximately 13 miles northeast of Midtown Manhattan, benefits from a strong and growing commercial rental market, serving a population of approximately one million residents within a five-mile radius. The asking price is $3,950,000, representing $231.90 per square foot. The property can be delivered vacant and is offered fee simple. This is a rare chance to acquire a value-add or development opportunity in a thriving Westchester County location. The property consists of two units, each priced at $1,975,000. No rent bumps are in place, and lease options are not available. The property has no tenant credit rating.

Highlights

  • Prime value-add or development opportunity in Mount Vernon, NY.
  • 17,033 SF across two mixed-use buildings.
  • Downtown Business (DB) zoning allows up to 10-story development.
  • Excellent location: 13 miles northeast of Midtown Manhattan, serving a population of approximately 1 million within a 5-mile radius.
  • Less than 1,000 feet from Mount Vernon East Train Station.
  • Situated in an Opportunity Zone.

Property Details for 10 2Nd Ave

Property type
Mixed-use properties
Square Feet
17,033 SF
Year Built
1940
Buildings
2
Stories
3
Lot Size (sq. ft)
9,583 SF
Units
2

Location Insight

City
Mount Vernon
County
Westchester
State
New York
Latitude
40.9114522
Longitude
-73.835244
10 2Nd Ave, Mount Vernon, New York

FAQs

What type of property is this?
Mixed-use property - Prime Downtown location, high potential.
Where is the mixed-use property located?
The property is located at 10 2Nd Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime value-add or development opportunity in Mount Vernon, NY.; 17,033 SF across two mixed-use buildings.; Downtown Business (DB) zoning allows up to 10-story development.
How can I contact the broker?
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10 2Nd Ave
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