800 Boston Post RdMamaroneck, NY 10543

Property Details for 800 Boston Post Rd

Year built

1954

Property size (Sq ft)

4,700 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional multi-tenant retail property, located at 800 E Boston Post Road in Mamaroneck, NY, presents a compelling investment opportunity. The 4,700 square foot building, constructed in 1954, sits on a 0.25-acre lot and boasts a desirable C1 zoning classification. Currently housing two tenants, the property features a vacant unit with an open floor plan, perfect for a retail showroom, complete with lower-level storage and a loading dock. The second unit is occupied by a strong, long-term tenant and also includes lower-level space with a conveyor belt and loading dock. Twelve convenient parking spaces are available for customers and employees. The property offers a strong pro-forma NOI of $238,000 and a pro-forma cap rate of 9.15%, making it an attractive investment with significant potential for growth. The asking price is $2,600,000, translating to $553.19 per square foot. This Class B building presents an excellent opportunity for an owner-user or an investor seeking a stable, income-generating asset in a thriving Westchester County location. The property's convenient location and versatile layout make it an ideal investment for a variety of retail uses. The building's existing infrastructure, including the loading docks and ample parking, further enhances its appeal to potential tenants.

Location Insight

City

Mamaroneck

County

Westchester

State

New York

Latitude

40.9537

Longitude

-73.7248

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