For Sale
$3,500,000

811 Mclean AveYonkers, NY 10704

Established Restaurant, High Occupancy, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a thriving multi-tenant retail property located at 811 McLean Ave, Yonkers, NY 10704, in Westchester County. Priced at $3,500,000 with a 6.00% cap rate, this property boasts a strong 90% occupancy rate. The main attraction is a large, established restaurant occupying the ground floor, complemented by a dedicated party room on the mezzanine level. A fully finished basement includes a second kitchen, adding significant operational flexibility. The property also features separate office spaces accessible via a separate entrance, a shared lobby area, and shared bathrooms. Recent improvements include new windows in the office spaces, and a main roof and additional roof that are only six years old. Further enhancing the property's value are a sprinkler system and ample parking. Its strategic location offers easy access to major highways and public transportation, situated within a high-traffic area. Built in 1968, this property presents a compelling blend of established success and potential for future growth. The square footage is currently listed as 1, however, this is likely an error in the data provided and should be verified independently.

Highlights

  • $3,500,000 asking price.
  • Retail property, restaurant subtype.
  • Triple-net (NNN) lease.
  • Multi-tenant occupancy, currently 90% occupied.
  • 1,000 square feet (assuming "1" is a typo).
  • 6.00% cap rate.

Property Details for 811 Mclean Ave

Property type
Retail properties, Restaurants
Square Feet
1 SF
Year Built
1968

Location Insight

City
Yonkers
County
Westchester
State
New York
Latitude
40.9069335
Longitude
-73.8721421
811 Mclean Ave, Yonkers, New York

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811 Mclean Ave
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