16 Memorial Hwy - Storefront Retail/Office FOR SALE


New Rochelle, NY 10801- Downtown New Rochelle
$1,400,000 USD
973-609-2105
16 Memorial Hwy, New Rochelle, NY for Sale
$1,400,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

16 Memorial Hwy
New Rochelle, NY 10801
Downtown New Rochelle


HIGHLIGHTS

  • Mixed-use property with commercial bar space and residential apartment
  • Spacious 3-bedroom apartment located above the bar
  • Separate heating systems servicing units
  • Basement mechanical improvements recently completed
  • Strong rental and investment potential

OVERVIEW

Located in the heart of New Rochelle, 16 Memorial Highway presents an excellent mixed-use investment/development opportunity featuring a commercial bar space with a residential apartment above. Ideally positioned near downtown New Rochelle, Metro-North transportation, major highways, shopping, dining, and waterfront amenities, this property offers strong income potential and long-term upside in one of Westchester County’s growing markets. The property includes a well-established commercial layout on the first floor with a spacious 3-bedroom apartment located above the bar, making it attractive for both investors and owner-operators seeking additional rental income or live/work flexibility. This well-maintained building reflects years of ownership pride and extensive capital improvements, with major mechanicals, systems, and renovations already completed. Taxes are $19,795.04 per annum.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,966 SF

ZONING

-

APN/PARCEL ID

1000-000-002-00416-000-0071

ASK ABOUT THIS PROPERTY

Michael RackenbergHoulihan Lawrence CommercialMore Info
973-609-2105

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Michael RackenbergHoulihan Lawrence CommercialMore Info
973-609-2105

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