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1-3 Drake Avenue & 760-762 Main Street

New Rochelle, NY 10805
  • $1,595,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: H6307192
$1,595,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1885
County:
Area:

School Ratings & Info

School District:

Description

1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Traffic, Commuter/Shopper Friendly. 1-3 Drake Avenue and 760-762 Main Street, are 2 Stand Alone Buildings on a Single Lot/Deed. In total there are 3 commercial spaces that are currently leased and two 1 bedroom residential units, on month to month basis. 762 Main St (stand alone bldg) 100% re-done in 2013 with new legal use and Rubber Roof included. 760 Main had a New electric heat & AC pump unit installed in 2020, Main St. sidewalk redone in 2023, electrical upgrades and several cosmetic improvements. Zoning: NB/M & NB/B. Wonderful Investment or Development Opportunity, Good Income Producing Property, Gross Income $127,500/year, Total Expenses $36,373/year, Net Operating Income $91,127/year. Some rents below market value. SELLER FINANCING AVAILABLE with 35% Minimum down Payment.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-25T00:19:21.58.
www.selectyournexthome.com/homes/151306673
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1-3 Drake Avenue & 760-762 Main Street New Rochelle, NY 10805

  • Price: $1,595,000
  • Status: Active
  • On Site: 50 Days
  • MLS #: H6307192
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1885
Built
Neighborhood:
New Rochelle
County:
Westchester
Area:
New Rochelle
School District:
New Rochelle
Property Description
1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Traffic, Commuter/Shopper Friendly. 1-3 Drake Avenue and 760-762 Main Street, are 2 Stand Alone Buildings on a Single Lot/Deed. In total there are 3 commercial spaces that are currently leased and two 1 bedroom residential units, on month to month basis. 762 Main St (stand alone bldg) 100% re-done in 2013 with new legal use and Rubber Roof included. 760 Main had a New electric heat & AC pump unit installed in 2020, Main St. sidewalk redone in 2023, electrical upgrades and several cosmetic improvements. Zoning: NB/M & NB/B. Wonderful Investment or Development Opportunity, Good Income Producing Property, Gross Income $127,500/year, Total Expenses $36,373/year, Net Operating Income $91,127/year. Some rents below market value. SELLER FINANCING AVAILABLE with 35% Minimum down Payment.
Interior Features

Cooling Central AirNoneWindow Unit(s) Cooling YN Yes Heating ElectricNatural GasSee Remarks Hot Water Gas Stand AloneSee Remarks Number Of Heating Zones 4

Property Features

Building Size 5400 Business Type Retail Current Use CommercialFood ServiceMixed UseResidentialRetail Location Description FrontGround FloorSecond Floor MLSArea Minor 99 Operating Expense 36373 Property Sub Type Retail Sewer Sewer Tax Annual Amount 21736 Tax Annual Amount1 21736 Township New Rochelle Water Source Public Zoning Description NB/BNB/M

Listing courtesy of Carmen Santos of Santos Realty Group, LLC: 914-939-2390
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-25T00:19:21.58.
 
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