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457 North Ave - Acre at trophy corner for super low cost
0.97 Acres of Residential Land Offered at £7,713,100 in New Rochelle, NY 10801
INVESTMENT HIGHLIGHTS
- Location Location Location
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | £7,713,100 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Development Sale | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.97 AC |
| Price | £7,713,100 |
| Sale Type | Investment |
| Sale Condition | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.97 AC |
1 LOT AVAILABLE
Lot
| Price | £7,713,100 | Lot Size | 0.97 AC |
| Price Per AC | £7,951,649.19 |
| Price | £7,713,100 |
| Price Per AC | £7,951,649.19 |
| Lot Size | 0.97 AC |
Super visibility flat corner acre next to new LINC Park, $34 million already funded for Memorial Highway N Ave overpass to become a highline like pedestrian park. At Iona, I-95, city hall & hospital. Cross county/Hutch have Lincoln Ave exit.
DESCRIPTION
One acre trophy location, high visibility at exit 16 of I-95. Former Mavis and Devonshire Tire store, since razed. Already one of the most prominent corners in all of Westchester. Construction starting in 2025 on new LINC park, dubbed Westchester's highline, already funded with $34,000,000 will increase its prominence. https://www.newrochelleny.com/DocumentCenter/View/17156/220526_LINC-Presentation_City-Council_v8 Lincoln Ave is essentially the extension from the eastern end of the Cross County Parkway and the Hutch. I-287 about 15 miles north through White plains is the only other thoroughfare to cross the county going east or west. Also for lease. Sellers will be very creative with terms. At City Hall, Iona U, large Montefiore Hospital, Police and Fire. Could be assembled. 46,000 sq ft land, former family court site is across North Ave in the same zone. Since 2015, over 2.2 billion and 7,000 units have been developed in downtown New Rochelle. A list of these developments can be found at http://www.101010nr.com/maps/index.asp
ZONING
| Zoning Code | Overlay Zone 5 Wellness (Mixed use residential/commercial.) |
| Overlay Zone 5 Wellness (Mixed use residential/commercial.) |
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457 North Ave - Acre at trophy corner for super low cost
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