145 5Th AveMount Vernon, NY 10550

Property Details for 145 5Th Ave

Lot size

0.23 AC

Property type

Office buildings

APN

550800 165.54-1121-26

APU

55080016554112126

Description

This exceptional two-story, 12,900 square foot executive office building in Mount Vernon, NY, is offered at $3,200,000. Located on a 100' x 100' corner lot, this property boasts recent upgrades including a renovated facade, updated bathrooms, a new HVAC system, new windows, and a new roof. The building features a welcoming reception area with a security system and a convenient 10-space private parking lot. An additional 5,100 square feet of partially above-grade unfinished basement space provides significant expansion potential. The building is zoned NB (Neighborhood Business) and is ideally suited for medical, professional, clinical, or municipal uses. Situated in a vibrant downtown area, this property benefits from excellent access to major transportation routes and a large population base (Mount Vernon population exceeding 71,000 as of 2020). The property's prime location and recent improvements make it an attractive investment opportunity for businesses seeking a modern and well-maintained facility in a thriving community. The APN is 165.54-1121-26. This is a rare opportunity to acquire a fully upgraded, move-in ready executive office building in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,656,440

  6.5%

  $1,529,022

  7%

  $1,419,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,309,082

  Geo Method

  $1,309,082

• Alternative Use

  Use

  Valuation

  Residential

  $1,895,987

  Hospitality

  $1,736,714

  Educational

  $1,444,925

  Medical

  $1,494,618

  Retail

  $2,247,662

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9159

Longitude

-73.8381

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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