139 Mclean AveYonkers, NY 10705

Property Details for 139 Mclean Ave

Lot size

0.06 AC

Zone code

A

Property type

Investment properties

Property subtype

Live-work space

APN

551800 1.-41-20

APU

55180014120

Description

Attention developers! This exceptional Yonkers investment presents a unique opportunity to acquire four adjacent lots totaling approximately 14,000 square feet on busy McLean Avenue. The property includes a 4,350 square foot, one-story retail building currently operating under a grandfathered non-conforming use. An attached former single-family home provides additional storage space for the commercial tenant. The entire property is zoned "A" for high-density residential use. However, continued commercial use may be possible, either by maintaining a similar use to the existing grandfathered operation or through obtaining approval from the zoning board. The asking price for this income-producing property is $2,395,000. Located at 139 McLean Avenue, Yonkers, NY 10705, this prime location offers significant potential for redevelopment or continued commercial operation. The property's strategic positioning and zoning designation make it an attractive investment for those seeking high-density development opportunities in a vibrant Westchester County location. This is a rare chance to acquire a substantial parcel in a high-traffic area with existing income streams. Don't miss this chance to capitalize on this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $432,172

  6.5%

  $398,928

  7%

  $370,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,545

  Geo Method

  $341,545

• Alternative Use

  Use

  Valuation

  Residential

  $494,671

  Hospitality

  $453,116

  Educational

  $376,987

  Medical

  $389,952

  Retail

  $586,425

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9163

Longitude

-73.8911

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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