Active

510-516 W Boston Post Road

Mamaroneck NY, 10543

$2,600,000


Active

Commercial

Built in 1930

"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 vacant, providing a unique opportunity to increase your rental portfolio's upside potential. 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 as well as street parking is available, enhancing accessibility for tenants and customers alike. Fully rented, both buildings can generate a rent roll exceeding $305,000 annually, offering investors a strong and stable return on investment. This ensures immediate cash flow with even greater potential when the vacant anchor space is leased. 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.

H6325888

MLS ID

September 11, 2024

Listed

November 7, 2024

Updated

Map

510-516 W Boston Post Road
Mamaroneck NY, 10543

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Baseboard, Forced Air

Exterior/Building Features

Sewer

Public Sewer

School Information

School District

Mamaroneck

Other Property Details

Taxes

$54,394


Tax Frequency

Annually


Garage

No


View

No


County

Westchester


Municipality

Mamaroneck


Water Source

Public


Pool

No

Listed by Ryan Paige Adam J Blankfort with Corcoran Baer & McIntosh
Listing Contact: 845-3589440 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Amie Pisano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:24 PM UTC, 11/7/2024

  

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