12 Memorial Hwy - Restaurant FOR SALE


New Rochelle, NY 10801- Downtown New Rochelle
$1,850,000 USD
917-566-7731
12 Memorial Hwy, New Rochelle, NY for Sale
$1,850,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

12 Memorial Hwy
New Rochelle, NY 10801
Downtown New Rochelle


HIGHLIGHTS

  • Located in New Rochelle’s downtown submarket with direct access to Metro-North station.
  • Building consists of one ground-floor retail space and can be delivered vacant.
  • Highly visible frontage with strong pedestrian and vehicle traffic.
  • Public parking available directly across the street for added convenience.
  • Various mixed-use development possibilities supported by surrounding urban amenities.
  • Situated in a tax incentive zone, offering potential financial benefits.

OVERVIEW

12 Memorial Highway presents a rare commercial development opportunity in the heart of New Rochelle’s thriving downtown. This 6,295 square foot single-story retail building sits on a C2-zoned lot, offering approximately 20,923 ZSF of buildable area for future development. Located on Memorial Highway, the property enjoys high visibility and proximity to the Metro-North station, ensuring superior commuter access and connectivity to New York City and the surrounding region. Currently home to one retail space, the structure can be delivered vacant, providing flexibility for owner-users or developers with growth-focused plans. The site supports a wide range of development possibilities, making it a strong candidate for a ground-up project. Public parking availability directly across the street adds convenience for future tenants and customers, while the bustling historic district of New Rochelle ensures a built-in customer base and vibrant pedestrian traffic. This offering represents one of the last remaining opportunities in this rapidly redeveloping submarket, combining prime frontage, exceptional accessibility, and investment potential in one package.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,295 SF

ZONING

C2

APN/PARCEL ID

1000-000-002-00416-000-0072

ASK ABOUT THIS PROPERTY

Maria CapotortoDouglas EllimanMore Info
917-566-7731

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Maria CapotortoDouglas EllimanMore Info
917-566-7731

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