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100,000 Square Foot Development Opportunity

100,000 Square Foot Development Opportunity

100,000 Square Foot Development Opportunity
Price
7500000
Address
10 West Broad Street
Map Address
10 West Broad Street, Mount Vernon, New York, 10552
Zip/Postal Code
10552
Country
US
Status
For Sale
Property Type
Development · Commercial
Building Size
30000 Sq Ft
Lot Size
10000 Sq Ft
Zoning
Downtown Business
Block
1021
Lot
08
Property Tax Amount
$81,176
Annual Income
$492,245
Total Expenses
$147,251
NOI
$344,994
Stories
3
Residential Units
0
Commercial Units
1
Located in the city of  Mount Vernon, this property is a 30,000 SF mixed-use office building with retail on grade. The property will be delivered vacant and is ideal for developers who want to take advantage of Mount Vernon's explosive market. The subject property is zoned DB (Downtown Business) and has a total buildable of 100,000 SF as of right. The city is in an expansion mode and has just recently approved the development of 249 residential units with 20,000 SF of retail and an adjacent parking garage. The subject property is also conveniently located with regards to transportation. It is just a short walk from the Metro-North Fleetwood train station and less than 1/4 mile from the intersection of the Cross County Pkwy and Bronx River Pkwy.