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20 S West st - Transit-Oriented Development Opportunity

0.5 Acres of Commercial Land Offered at £3,098,419 in Mount Vernon, NY 10550

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Investment Highlights

Direct access to the Mount Vernon West Metro North Train Station with under 30 minute ride into Grand Central Station during rush hour
Eligible for New York State Brownfield Cleanup Program
May be eligible for a New Market Tax Credit through the Empire State New Market Corporation, a subsidiary of the Empire State Development Corporation

Can build residential tower up to 15 stories as of right and up to 20 stories with a density bonus
Easy access to multiple highways with high car count
Site can also be developed for mixed-use, general commercial, retail and civic buildings

Executive Summary

Half-acre prime transit-oriented development opportunity with direct platform access to the Mount Vernon West Metro North train station along the Harlem Line with under 30 minute rush hour ride to Grand Central Station. Located in the Mount Vernon West "TOD HUB" district which is designed to accommodate the highest intensity and diversity of development in Mount Vernon. The zoning permits up to a 15-story residential tower over retail as of right which can be increased to 20 stories with a density bonus, in addition to mixed use, commercial and retail projects. Phase I and Phase II environmental reports indicate the existence of brownfields. The site is currently improved with a mixed-use building with a gross area of 21,748 +/- square feet and a net rentable area of 11,274 square feet which can be operated as an income-producing property on its own, or while you go through the approval process. The major tenant is 7-11. Seller will vacate all tenants. Also a build-to-suit opportunity for medical, retail and office uses.

Property Facts

Price	£3,098,419	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Tenants option to buy property Development Sale	Proposed Use	Medical
No. Lots	1	Total Lot Size	0.50 AC

Price	£3,098,419
Sale Type	Investment
Sale Conditions	Tenants option to buy property Development Sale
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Medical
Total Lot Size	0.50 AC

1 Lot Available

Lot

Price	£3,098,419	Lot Size	0.50 AC
Price Per AC	£6,196,839

Price	£3,098,419
Price Per AC	£6,196,839
Lot Size	0.50 AC

Half acre (21,746 sf) lot improved with a 21,748 +/- sf masonry and brick mixed-use building consisting of retail and office uses. Site has direct platform access to the Mount Vernon West Metro North Train Station.

Description

21,780 sf (.5 acre) site improved with a 2-story 21,748 +/-sf mixed-use building with direct platform access to the Mount Vernon West Metro North station along the Harlem Line.

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aerial
map

20 S West st, Mount Vernon, NY - aerial map view - Image1

20 S West st, Mount Vernon, NY - aerial map view - Image2

Walk Score ®

Very Walkable (79)

Transit Score ®

Excellent Transit (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

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PROPERTY TAXES

Parcel Number	0800-164-067-01057-000-0016	Improvements Assessment	£11,766
Land Assessment	£15,688	Total Assessment	£27,454

PROPERTY TAXES

Parcel Number

0800-164-067-01057-000-0016

Land Assessment

£15,688

Improvements Assessment

£11,766

Total Assessment

£27,454

zoning

Zoning Code	C/MVW-Hub (Commercial and Mount Vernon West "Hub District" - as of right residential tower as well as medical, retail and commercial uses)
C/MVW-Hub (Commercial and Mount Vernon West "Hub District" - as of right residential tower as well as medical, retail and commercial uses)