2 Valley PlLarchmont, NY 10538

Property Details for 2 Valley Pl

Year built

1930

Lot size

0.11 AC

Property size (Sq ft)

2,383 SF

Zone code

SB

Property type

Auto shops

APN

553289 1-31-1

APU

5532891311

Description

This exceptional commercial property, situated at 2 Valley Pl in Larchmont, NY 10538, presents a unique investment opportunity. Located on the border of New Rochelle, Larchmont, and Mamaroneck, this property benefits from high visibility and significant traffic volume on a busy thoroughfare. The property consists of a 2,600 square foot warehouse space, ideal for an auto repair shop or a variety of other uses. Two roll-up doors provide convenient access, and the space includes two installed vehicle lifts with room for two more. A 300 square foot office/waiting area adds functionality. Heating is provided by a Modine heater. The property also features a substantial 1,892 square foot outdoor lot, capable of accommodating at least fifteen vehicles. The 4,792 square foot total lot size offers ample space for operations and expansion. The property is zoned Service Business District (SB-R), allowing for a wide range of permitted uses, including offices, restaurants, ice cream parlors, and nurseries, making it a highly adaptable and valuable asset. This presents a compelling opportunity for owner-users or those seeking to capitalize on the area's strong residential density and high traffic counts. The asking price is $925,000.

• CAP approach

  CAP return

  Valuation

  6%

  $579,152

  6.5%

  $534,602

  7%

  $496,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $784,634

  Geo Method

  $784,634

• Alternative Use

  Use

  Valuation

  Residential

  $450,957

  Hospitality

  $413,074

  Educational

  $343,673

  Medical

  $355,492

  Retail

  $534,602

Location Insight

City

Larchmont

County

Westchester

State

New York

Latitude

40.9312

Longitude

-73.767

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].