7 Popham Rd Scarsdale, NY 10583

This exceptional mixed-use investment opportunity encompasses two buildings totaling 37,164 square feet in the heart of Scarsdale, NY. Strategically located adjacent to the Scarsdale Train Station, this property offers unparalleled visibility and foot traffic. The portfolio consists of 7 Popham Road, a 27,806 square foot building constructed in 2007, featuring ground floor retail, second-floor office and medical space, and a 30-space parking garage. Currently 66% leased to tenants including CVS Pharmacy, Boston Children's Health Physicians, and Scarsdale Prep. The second building, 15 Popham Road, built in 1932, offers 9,358 square feet of retail space across two floors, currently 60% leased to tenants such as Dunkin', Little Thai Kitchen, Pizzarelli's, and Westchester Wine Curators. The property is currently 65% occupied, presenting a significant value-add opportunity through lease-up of the 13,124 square feet of vacant space, along with potential rent increases for existing under-market tenants. The vacant ground floor space at 7 Popham Road benefits from a corporate guarantee on the existing lease, ensuring continued rent collection for the remaining term. The second-floor space at 7 Popham Road is ideally suited for medical office use, a highly sought-after space in Scarsdale. This property offers substantial upside potential in a highly affluent and desirable market, allowing for significant increases in net operating income. The property sits on a 0.49-acre lot and is zoned PUD-1.