371 BroadwayYonkers, NY 10705

Property Details for 371 Broadway

Lot size

0.12 AC

Property size (Sq ft)

5,000 SF

Zone code

SB

Property type

Commercial real estate

APN

551800 1.-160-12

APU

551800116012

Description

This exceptional build-to-suit opportunity in Yonkers presents a unique chance to develop a commercial property tailored to your specific needs. Located at a high-traffic intersection with 50 feet of frontage on an unnamed street and a cross street of McLean Avenue, this site boasts unparalleled visibility and accessibility. The property encompasses 4,500 square feet of land and allows for the construction of a building up to 4,500 square feet, perfect for a variety of uses. The flexible zoning (B Zone) accommodates a range of commercial ventures, including retail, restaurant, and office spaces. This single-tenancy site is ideal for a national or credit tenant seeking a prominent location to establish or expand their business. The build-to-suit nature of this property allows for complete customization, ensuring the final product perfectly aligns with your operational requirements and brand identity. The high-traffic location guarantees significant exposure to potential customers, maximizing your return on investment. This is an exceptional opportunity to create a bespoke commercial space in a thriving Yonkers location. Don't miss out on this chance to build your dream commercial property in a prime location. The property is zoned for commercial use, offering flexibility for various business types. The 4,500 square foot lot provides ample space for development. The prominent location at a traffic light ensures high visibility for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $936,869

  6.5%

  $864,802

  7%

  $803,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,300

  Geo Method

  $653,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,702,600

  Retail / Commercial

  $873,083

  Mixed-Use / Specialty

  $869,971

  Hospitality / Lodging

  $638,270

  Office

  $864,802

  Institutional / Educational

  $904,419

  Residential Income

  $1,058,170

  Multifamily

  $1,269,110

  Automotive / Energy

  $775,216

  Parking / Income-Based Land

  $267,518

  Restaurant / Food Service

  $452,478

  Healthcare / Senior Housing

  $892,139

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9208

Longitude

-73.8964

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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