37 5Th AveMount Vernon, NY 10550

Property Details for 37 5Th Ave

Lot size

0.05 AC

Property type

Investment properties

Property subtype

Live-work space

APN

550800 165.70-3087-42

APU

55080016570308742

Description

This exceptional mixed-use property, located at 37 S 5th Ave, Mount Vernon, NY 10550, presents a unique investment opportunity. Currently configured as a fully built-out restaurant with an integrated lounge area, this space is ideally suited for experienced restaurateurs seeking a turnkey operation or savvy investors looking to capitalize on Mount Vernon's vibrant culinary scene. Situated in Westchester County, this prime location offers excellent visibility and accessibility. The property's existing restaurant build-out significantly reduces start-up costs and time, allowing for a quicker return on investment. The auction format offers a competitive and transparent acquisition process. This is a chance to own a well-established space ready for immediate use or creative reimagining. The auction concludes on August 19th, 2024, in Mount Vernon, NY. Please note that a reserve price is in effect. This property is zoned for mixed-use, offering flexibility for future adaptations. The property's precise square footage is not specified in the provided information. Interested parties should conduct their own due diligence to confirm all aspects of the property before bidding. Don't miss this chance to secure a thriving restaurant location in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $360,088

  6.5%

  $332,389

  7%

  $308,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $284,577

  Geo Method

  $284,577

• 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

40.9102

Longitude

-73.8373

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].