504 5th St
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504 5th St
1,935 SF Retail Building Pelham, NY 10803 £861,920 (£445/SF) 5.83% Net Initial Yield
Investment Highlights
- Long time well established tenant
- Prime Retail Location
- Potential for residential development
- High foot traffic area
- Prime Suburban Community 20mins from NYC
Executive Summary
Prime retail location in the heart of Village of Pelham, NY. Currently used as a dance studio with long history of serving the region. Current owner would like to remain as a tenant post closing - lease terms can be discussed.
Introducing an Incredible Commercial Space in Vibrant Pelham with the possibility of larger development - can build upwards of 4 floors or more.
Located in the heart of one of Pelham's most sought-after suburban towns, this commercial space offers an outstanding opportunity for entrepreneurs and businesses seeking a prime location that boasts a well-established tenant, this space guarantees a steady flow of foot traffic and a built-in customer base.
Key Features:
Prime Location: Situated in a bustling suburban town, your business will benefit from the vibrant atmosphere and proximity to a diverse and engaged community.
Established Tenant
Ample Space: With generous square footage, this commercial space provides the flexibility to accommodate a variety of business types, whether it be a trendy boutique, a thriving restaurant, or a thriving office space.
High Foot Traffic: Take advantage of the steady stream of customers already attracted to the area by neighboring businesses, events, and local attractions.
Versatile Layout: The open layout allows for easy customization and adaptation to suit your specific business needs, ensuring maximum efficiency and productivity.
Surrounding Amenities: Benefit from the proximity to a diverse range of amenities, including popular restaurants, including Pelham’s very own Sergios, cafes, boutique shops, fitness centers, and more, creating a thriving local ecosystem.
Supportive Community: Pelham's vibrant community is known for its strong support of local businesses, providing a welcoming environment for entrepreneurs and fostering growth opportunities.
Don't miss out on this rare opportunity to secure a commercial space in the vibrant town of Pelham, complete with an established tenant and endless potential. Contact us now to arrange a viewing and start envisioning your business thriving in this prime location!
Introducing an Incredible Commercial Space in Vibrant Pelham with the possibility of larger development - can build upwards of 4 floors or more.
Located in the heart of one of Pelham's most sought-after suburban towns, this commercial space offers an outstanding opportunity for entrepreneurs and businesses seeking a prime location that boasts a well-established tenant, this space guarantees a steady flow of foot traffic and a built-in customer base.
Key Features:
Prime Location: Situated in a bustling suburban town, your business will benefit from the vibrant atmosphere and proximity to a diverse and engaged community.
Established Tenant
Ample Space: With generous square footage, this commercial space provides the flexibility to accommodate a variety of business types, whether it be a trendy boutique, a thriving restaurant, or a thriving office space.
High Foot Traffic: Take advantage of the steady stream of customers already attracted to the area by neighboring businesses, events, and local attractions.
Versatile Layout: The open layout allows for easy customization and adaptation to suit your specific business needs, ensuring maximum efficiency and productivity.
Surrounding Amenities: Benefit from the proximity to a diverse range of amenities, including popular restaurants, including Pelham’s very own Sergios, cafes, boutique shops, fitness centers, and more, creating a thriving local ecosystem.
Supportive Community: Pelham's vibrant community is known for its strong support of local businesses, providing a welcoming environment for entrepreneurs and fostering growth opportunities.
Don't miss out on this rare opportunity to secure a commercial space in the vibrant town of Pelham, complete with an established tenant and endless potential. Contact us now to arrange a viewing and start envisioning your business thriving in this prime location!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,935 SF
Building Class
C
Year Built
1980
Price
£861,920
Price Per SF
£445
Net Initial Yield
5.83%
NOI
£50,239
Tenancy
Single
Number of Floors
1
Building FAR
0.89
Land Acres
0.05 AC
Zoning
R7A - Residential
Frontage
60 ft on 5th St
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | 4403-159-077-00001-000-0021 | Improvements Assessment | £239,030 |
Land Assessment | £59,267 | Total Assessment | £298,297 |
PROPERTY TAXES
Parcel Number
4403-159-077-00001-000-0021
Land Assessment
£59,267
Improvements Assessment
£239,030
Total Assessment
£298,297
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Capital Realty NY
504 5th St
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