504 5th St - Freestanding FOR SALE


Pelham, NY 10803
$1,098,000 USD
917-842-5552
504 5th St, Pelham, NY for Sale
$1,098,000 USD
Freestanding - FOR SALE
1/13
null | 5.83% Cap Rate

504 5th St
Pelham, NY 10803


HIGHLIGHTS

  • Long time well established tenant
  • High foot traffic area
  • Prime Retail Location
  • Prime Suburban Community 20mins from NYC
  • Potential for residential development

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,098,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

5.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7A

APN/PARCEL ID

4403-159-077-00001-000-0021

ASK ABOUT THIS PROPERTY

Maurice Owen-MichaaneCapital Realty NYMore Info
917-842-5552

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Maurice Owen-MichaaneCapital Realty NYMore Info
917-842-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.