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Pelham Road Redevelopment 2 Retail Properties Offered at $2,690,000 in New Rochelle, NY
EXECUTIVE SUMMARY
RETAIL / CANNABIS / MIXED-USE OPPORTUNITY | 69 - 77 Pelham Road, New Rochelle, NY
Assemblage of 8,276 Square Feet with 165 feet of frontage on Pelham Road
Excellent Location for many retail uses including: Cannabis, Automotive, Retail, Mixed-use Residential and more.
69 Pelham Road |
Existing Auto Repair shop is approximately 1,600 sq ft and includes a 5 car parking lot on the side of the building. To be
delivered vacant. Repair shop can be razed and lot paved to provide additional parking for new retail use at 77 Pelham Road.
Taxes are approximately $20,000 annually.
77 Pelham Road |
Existing Tavern is approximately 2,500 sq ft and can be delivered vacant to be retro-fitted for many uses. The 2nd floor consists
of two market rate apartments (1 bedroom 1 bathroom, 2 bedroom 1 bathroom). Residential tenants are on a month- to-month
lease (currently paying $1,100/ month each- under market rents).
Taxes are approximately $22,000 annually.
Total Assemblage Asking Price: $2,690,000
Assemblage of 8,276 Square Feet with 165 feet of frontage on Pelham Road
Excellent Location for many retail uses including: Cannabis, Automotive, Retail, Mixed-use Residential and more.
69 Pelham Road |
Existing Auto Repair shop is approximately 1,600 sq ft and includes a 5 car parking lot on the side of the building. To be
delivered vacant. Repair shop can be razed and lot paved to provide additional parking for new retail use at 77 Pelham Road.
Taxes are approximately $20,000 annually.
77 Pelham Road |
Existing Tavern is approximately 2,500 sq ft and can be delivered vacant to be retro-fitted for many uses. The 2nd floor consists
of two market rate apartments (1 bedroom 1 bathroom, 2 bedroom 1 bathroom). Residential tenants are on a month- to-month
lease (currently paying $1,100/ month each- under market rents).
Taxes are approximately $22,000 annually.
Total Assemblage Asking Price: $2,690,000
PROPERTY FACTS
| Price | $2,690,000 | Number of Properties | 2 |
| Price / SF | $325.04 / SF | Individually For Sale | 1 |
| Sale Condition | Redevelopment Project | Total Building Size | 8,276 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $2,690,000 |
| Price / SF | $325.04 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 8,276 SF |
| Total Land Area | 0.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 69 Pelham Rd, New Rochelle, NY 10805 | Retail | 2,000 SF | 1912 | $1,600,000 |
| 77 Pelham Rd, New Rochelle, NY 10805 | Retail | 6,276 SF | 1912 | - |
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