1 Campus DrPleasantville, NY 10570

Property Details for 1 Campus Dr

Lot size

6.42 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

553403 99.14-1-77

APU

5534039914177

Description

This exceptional 144,000 square foot office/flex building, situated on over six acres in Pleasantville, NY, presents a unique investment opportunity. The three-story building, constructed in 1940 and renovated in 1980, boasts 75 units and is currently 100% vacant, offering immediate potential for redevelopment or repositioning. Located in the C-O Campus Office District, the property features 270 parking spaces, three loading docks, and four dock-high doors. The interior includes a 13-foot ceiling height, poured concrete floors with steel I-beams, and a robust infrastructure including a 950kW backup generator, a 40kW life safety generator, a fully updated Simplex fire alarm system, and a dual domestic water system with two cooling towers and a York 425-ton centrifugal chiller. Further enhancing its appeal are the raised floor, Liebert climate-controlled data center, main distribution frame room with dedicated climate control for 1000 connections, dual feeds for phone, internet, and sprinklers, and six intermediate distribution frame rooms, each with individual climate control. Security is ensured with approximately 40 security cameras, card access, and an intrusion detection system. The property's prime location offers easy access to the Pleasantville Train Station, Sawmill River Parkway, and Taconic State Parkway, and is surrounded by upscale residential communities. Given its proximity to major roadways, downtown Pleasantville, and three major grocery store chains, this property is ideally positioned for a variety of uses, including redevelopment into for-sale townhomes, given the high demand and recent sales of comparable properties in the million-dollar range. The average household income within a three-mile radius exceeds $168,000, and the average home value is $746,591.

• CAP approach

  CAP return

  Valuation

  6%

  $57,331,804

  6.5%

  $52,921,664

  7%

  $49,141,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,636,568

  Geo Method

  $56,636,568

• Alternative Use

  Use

  Valuation

  Residential

  $52,921,664

  Hospitality

  $48,475,960

  Educational

  $40,331,428

  Medical

  $41,718,488

  Retail

  $62,737,780

Location Insight

City

Pleasantville

County

Westchester

State

New York

Latitude

41.1445

Longitude

-73.7821

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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