466 Ashford AveArdsley, NY 10502

For Sale
$705,250
Prime Ardsley retail, high upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This fee-simple, two-story retail storefront at 466 Ashford Avenue in Ardsley, NY, offers a compelling investment opportunity. The 3,200 square foot building, constructed in 1927, sits on a 0.07-acre lot and boasts a strategic location at the signalized intersection of Ashford Avenue and Saw Mill River Road (NY Route 9A), within Ardsley's thriving commercial district. Currently 46% occupied, the property features two units: a 1,350 square foot ground floor space leased to a popular nail salon with a built-in 3% annual rent increase, and a 1,600 square foot vacant second floor offering significant lease-up potential. The building also includes a 1,350 square foot basement and recently completed renovations, including a rear deck improvement, new siding and windows. The property benefits from high daily traffic counts (approximately 30,400 vehicles at the adjacent intersection and visibility from I-87, with over 98,000 vehicles daily), a strong demographic profile (78,400 people within 3 miles, average household income $247,933), and convenient access to public transportation, including five bus lines and proximity to Metro North train stations. This property presents a rare chance to acquire a well-located retail building with substantial upside potential in a desirable Westchester County location. The first floor also includes 100 square feet of common area and a 150 square foot kitchen. The asking price is $705,250.

Highlights

  • 3,200 SF two-story commercial building on a 0.07-acre lot; 1,350 SF leased to a nail salon, 1,600 SF vacant second floor, and 1,350 SF basement.
  • Significant upside potential from leasing the vacant 1,600 SF second floor and 3% annual rent increases on the existing lease.
  • Excellent location at a signalized intersection in Ardsley's commercial district, near restaurants, a grocery store, municipal offices, schools, national retailers, and major highways (I-87, Saw Mill River Parkway, Sprain Brook Parkway, US Route 9), with easy access to public transportation.
  • 300 feet from five bus lines and convenient access to two Metro-North stations.
  • Recent renovations include a rear deck, new siding, and several new windows.
  • High traffic counts: 30,400 vehicles daily at the adjacent intersection and visibility from I-87 (98,000+ vehicles daily).

Property Details for 466 Ashford Ave

Property type
Retail properties, Retail space
Square Feet
3,200 SF
Year Built
1927
Buildings
1
Stories
2
Lot Size (sq. ft)
3,049 SF
Units
2

Location Insight

City
Ardsley
County
Westchester
State
New York
Latitude
41.0121261
Longitude
-73.8487034
466 Ashford Ave, Ardsley, New York

FAQs

What type of property is this?
Retail property - Prime Ardsley retail, high upside potential.
Where is the retail property located?
The property is located at 466 Ashford Ave Ardsley, NY.
What is the asking price?
The asking price for this property is $705,250.
What are key features of this property?
This property features: 3,200 SF two-story commercial building on a 0.07-acre lot; 1,350 SF leased to a nail salon, 1,600 SF vacant second floor, and 1,350 SF basement.; Significant upside potential from leasing the vacant 1,600 SF second floor and 3% annual rent increases on the existing lease.; Excellent location at a signalized intersection in Ardsley's commercial district, near restaurants, a grocery store, municipal offices, schools, national retailers, and major highways (I-87, Saw Mill River Parkway, Sprain Brook Parkway, US Route 9), with easy access to public transportation.
How can I contact the broker?
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466 Ashford Ave
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