124 Palmer Ave - Storefront Retail/Office FOR SALE


Mamaroneck, NY 10543- Larchmont/Mamaroneck
$7,400,000 USD
845-596-9104
124 Palmer Ave, Mamaroneck, NY for Sale
$7,400,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 6.51% Cap Rate

124 Palmer Ave
Mamaroneck, NY 10543
Larchmont/Mamaroneck


HIGHLIGHTS

  • Strong Retail Operators & Attractive Office Tenancy
  • 130' of Frontage on Palmer Avenue
  • Private On-Site Parking & Adjacent Municipal Parking
  • Close Proximity to Route 1/Boston Post Road & I-95
  • Highly Sought-After Westchester Sound Town

OVERVIEW

Houlihan Lawrence Commercial is pleased to present a 29,388 SF mixed-use retail and office property located on Palmer Avenue in Mamaroneck, NY. The property is 100% occupied by a strong mix of retail and professional tenants, with the ground floor leased to established operators and the second floor occupied by a diverse group of users including medical, legal, financial, and service-oriented professionals. The asset also features approximately 130' of frontage along Palmer Avenue and is supported by private on-site parking in the front and adjacent municipal parking in the rear. Strategically positioned just off Mamaroneck Avenue, the property benefits from excellent visibility and accessibility, with close proximity to Route 1/Boston Post Road and I-95. Located within one of Westchester County’s most vibrant downtowns, the property is surrounded by a strong mix of national and local businesses, offering investors a rare opportunity to acquire a stabilized, cash-flowing asset in a highly sought-after market.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C2

APN/PARCEL ID

3203-009-000-00007-000-0386

ASK ABOUT THIS PROPERTY

Michael ScrimaHoulihan Lawrence CommercialMore Info
845-596-9104

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Michael ScrimaHoulihan Lawrence CommercialMore Info
845-596-9104

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