703-517-5943
124 Chatsworth Ave, Larchmont, NY for Sale
Restaurant - FOR SALE
1/5
null | Request Cap Rate

124 Chatsworth Ave
Larchmont, NY 10538


OVERVIEW

Atlantic Capital Partners has been exclusively retained to market 124 Chatsworth Ave for sale. Situated in the heart of Larchmont, NY, this 3,111 SF property is 100% leased to Riko’s Pizza. This unique asset is located in one of the highest barriers to entry submarkets in the United States and offers investors stable long-term cash flow supported by 10 years of remaining lease term and contractual rent increases. Founded in Stamford, CT in 2011, this restaurant will be Riko’s 15th location and 10th in the Tri-State area. Riko’s significant investment in the space highlights their conviction and long-term commitment to the market. The property is ideally situated on the southeast corner of Chatsworth Ave and Palmer Ave in downtown Larchmont, drawing from a 3-mile population of 129,043 with a median household income exceeding $189,438. The property is being offered for sale at $3,737,000, free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,385 SF

ZONING

RC

APN/PARCEL ID

3201-006-000-00002-000-0820

ASK ABOUT THIS PROPERTY

Chris PetersonAtlantic Capital PartnersMore Info
703-517-5943

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Chris PetersonAtlantic Capital PartnersMore Info
703-517-5943

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