142 3Rd StMount Vernon, NY 10550

Property Details for 142 3Rd St

Lot size

0.05 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

550800 165.79-3156-2

APU

5508001657931562

Description

This exceptional commercial land offering presents a rare opportunity for development in the vibrant Mount Vernon, New York market. Comprising two contiguous parcels, 142 West 3rd Street and 201 South 11th Avenue, this combined property boasts a substantial total area of 6,098 square feet. The strategic location provides significant frontage: 79 feet on West 3rd Street and an additional 75 feet on Mundy Lane. The individual lot sizes are noteworthy: 142 West 3rd Street offers 3,920 square feet with 49 feet of frontage on West 3rd Street, while 201 South 11th Avenue contributes 2,178 square feet, adding further frontage on West 3rd Street and the substantial Mundy Lane exposure. Both parcels are zoned CB, opening up a range of potential uses. The asking price for this combined property is $548,820, representing $90 per square foot. The seller is open to considering owner financing options, making this an even more attractive proposition for qualified buyers. This is a unique chance to acquire a significant commercial land holding in a desirable location with excellent development potential. The combined frontage and lot size offer exceptional flexibility for a variety of commercial projects. Don't miss this opportunity to secure a prime piece of Mount Vernon real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $446,510

  6.5%

  $412,163

  7%

  $382,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $441,095

  Geo Method

  $441,095

• Alternative Use

  Use

  Valuation

  Residential

  $412,163

  Hospitality

  $377,539

  Educational

  $314,108

  Medical

  $324,911

  Retail

  $488,612

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9079

Longitude

-73.8296

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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