Homes for sale - 510-516 W Boston Post RD, Mamaroneck, NY 10543

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Tolga (Tony) Erzene

tony@notcityliving.com +1(973) 626-0175

$ 2,450,000

Est. payment | -/mo

6,098 Sqft Lot

Save

$ 2,450,000

Est. payment | -/mo

Save

6,098 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID H6325887

HOA Y/N No

Rental Info No

Year Built 1950

Annual Tax Amount $54,394

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Retail

Source onekey2

Property Description

"HARBOR VIEW COMMERCIAL SPACE" - Presenting a rare investment opportunity in the heart of Mamaroneck's vibrant Sound Shore community. This premium retail property consists of two buildings, totaling 8,342 sq. ft. with five rentable units, offering incredible water views of Mamaroneck Harbor and excellent roadside exposure on the highly trafficked Boston Post Road. Strategically located across from the scenic Mamaroneck Harbor and Park, this property sits at the crossroads of a high-income, high-density demographic. The anchor unit is currently rented until 2029. Both buildings offer prime visibility, making them attractive to tenants looking to capitalize on the constant flow of foot and vehicle traffic along Boston Post Road. Additional on-site parking for 12+ cars as well as street parking is available, enhancing accessibility for tenants and customers alike. Currently fully rented, both buildings generate a rent roll of $297,528 annually, offering investors a strong and stable return on investment with future upside as tenants turn over. All tenants are on multiple year leases with increases each year. This ensures immediate cash flow with even greater potential when vacancies open up. In addition to its current use, the site also presents a potential development opportunity for residential builders. New owners may have the chance to develop an incredible water-view condominium complex or rental building, offering residents stunning harbor vistas and easy access to Mamaroneck's vibrant waterfront. With the area's growing demand for luxury residential spaces, this property is perfectly positioned for future development. This is an exceptional opportunity to secure a stable, multi-tenant property in one of Westchester County's most sought-after areas, with the added potential for residential development. Don't miss the chance to invest in this thriving commercial hub with unbeatable location, visibility, and long-term growth prospects. Please contact agents for more detailed financial and rent roll information.

Location

State NY

County Westchester County

Interior

Heating Baseboard, Forced Air, Natural Gas

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street, Parking Lot

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public

View Panoramic, Water

Total Parking Spaces 12

Building

Lot Description Level, Near Public Transit, See Remarks, Views

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Special Listing Condition None

Listed by Corcoran Baer & McIntosh

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

510-516 W Boston Post RD Mamaroneck, NY 10543