516 - 510 W Boston Post Rd, Home with 0 bedrooms, 0 bathrooms and 12 parking in Mamaroneck NY | Image 1

$2,450,000

516 - 510 W Boston Post Rd, Mamaroneck, NY

Name: 516 - 510 W Boston Post Rd, For Sale in Mamaroneck - eXp Commercial Brokerage
Brand: Corcoran Baer & McIntosh
SKU: H6325887
Price: 2450000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $54,394

Days Active 2

Approx. Age 1950

MLS® Number H6325887

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® NumberH6325887

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1950

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Forced Air, Natural Gas

A/CCentral Air, Wall/Window Unit(s)

Heating Fuel

Extras

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