471 Mclean AveYonkers, NY 10705

Property Details for 471 Mclean Ave

Year built

1963

Lot size

0.36 AC

Property size (Sq ft)

9,975 SF

Zone code

B

Property type

Investment properties

Property subtype

Retail residential properties

APN

551800 1.-65-1.100

APU

5518001651100

Description

This exceptional 5,000 square foot single-tenant space, located at 471 McLean Avenue in Yonkers, NY, presents a unique opportunity for a variety of businesses. Situated in a freestanding building on a busy thoroughfare between Sedgwick Avenue and Tibbetts Road, this basement retail space offers unparalleled convenience and visibility. The property boasts 40 parking spaces and excellent signage opportunities, ensuring high traffic and accessibility. The building enjoys a prime location with easy access to the Saw Mill River Parkway and I-87 (Major Deegan Expressway), enhancing its appeal to a wide range of potential tenants. This is the last available space in the building, making it a highly sought-after opportunity. The space itself is versatile and adaptable, suitable for various uses including light industrial/manufacturing, storage, assembly, general retail, medical, dental, urgent care, financial services, fitness, and theater/entertainment. The interior features a reception area, partitioned offices, a conference room, a print/copy area, and private ADA-compliant restrooms. Safety and security are ensured with emergency lighting and a security system already in place. Co-tenants include established businesses such as 7-Eleven and Domino's Pizza, further enhancing the location's desirability. This property offers a rare combination of size, location, amenities, and versatility, making it an ideal investment for a discerning business owner. The Westchester County location and 10705 zip code add to its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $2,044,965

  6.5%

  $1,887,660

  7%

  $1,752,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,020,167

  Geo Method

  $2,020,167

• Alternative Use

  Use

  Valuation

  Residential

  $1,887,660

  Hospitality

  $1,729,086

  Educational

  $1,438,580

  Medical

  $1,488,055

  Retail

  $2,237,791

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9105

Longitude

-73.8828

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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