851 Franklin AveThornwood, NY 10594

Property Details for 851 Franklin Ave

Year built

1978

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property at 851-855 Franklin Avenue in Thornwood, NY, presents a compelling investment opportunity. Priced at $4,400,000, this property seamlessly blends commercial and residential spaces, offering significant income potential and versatility. The ground floor boasts a substantial commercial unit, ideally suited for a diverse range of businesses. Its high visibility and convenient location ensure strong foot traffic and excellent exposure for any commercial tenant. This space is perfect for retail, office use, or a variety of other entrepreneurial ventures. Upstairs, eight well-maintained residential rental units provide a consistent stream of rental income. These units offer a variety of floor plans, ranging from one to three bedrooms, catering to a broad spectrum of tenant preferences. The property's location in Thornwood is a key advantage, offering easy access to major highways and public transportation, making commuting simple for both residents and commercial clients. Furthermore, its proximity to local shopping and train service adds to its appeal and convenience. This property represents a rare opportunity to acquire a high-yield, mixed-use asset in a desirable and accessible location. The combination of a strong commercial space and multiple income-generating residential units makes this an attractive investment for those seeking a diversified portfolio.

Location Insight

City

Thornwood

County

Westchester

State

New York

Latitude

41.1224

Longitude

-73.782

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