324 Columbus AveMount Vernon, NY 10553

Property Details for 324 Columbus Ave

Lot size

0.16 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

550800 169.25-4055-9

APU

5508001692540559

Description

This exceptional commercial property, located on Columbus Avenue, offers a unique blend of retail and office space. The single-story, 6,965 square foot building, constructed in 1978 and renovated the same year, features four suites in total. Currently, 1,700 square feet are vacant, presenting a fantastic opportunity for a new tenant. The building is zoned for business use and boasts a prominent first-floor glass storefront with excellent visibility, ideal for attracting customers. The property's strategic location across from Graham Elementary School ensures high foot traffic and visibility. The existing tenant operates a deli, creating a built-in customer base and synergistic opportunity. Beyond the main floor, the property includes a full basement, perfect for storage, and a sizable backyard, offering additional space for outdoor activities or potential expansion. The property's Assessed Parcel Number (APN) is 0800-169-025-04055-000-0009. This is a rare opportunity to acquire a well-located, versatile commercial space with significant potential. The property's existing infrastructure and convenient location make it an attractive investment for a variety of businesses. Don't miss this chance to secure a prime location on Columbus Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $1,428,913

  6.5%

  $1,318,997

  7%

  $1,224,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,411,585

  Geo Method

  $1,411,585

• Alternative Use

  Use

  Valuation

  Residential

  $1,318,997

  Hospitality

  $1,208,194

  Educational

  $1,005,203

  Medical

  $1,039,774

  Retail

  $1,563,649

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9056

Longitude

-73.8212

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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