3 Elm Place offers a rare opportunity to acquire a fully renovated, freestanding commercial property in the heart of Rye's thriving downtown district. Located just steps from the Metro-North station and within walking distance to shops, schools, and residential neighborhoods, this property is ideally suited for food & beverage, boutique retail, or service-based businesses. • Prime Location: Situated in Rye's historic and vibrant Central Business District with high pedestrian traffic. • New Infrastructure: Includes a brand-new roof, updated framing, new electrical panels, and all-new plumbing systems. • Efficient HVAC: Equipped with Mitsubishi mini splits for modern, energy-efficient heating and cooling. • Functional Lower Level: Full cellar with walk-in cooler and soda system, ideal for restaurant or bar operations. • Turnkey Opportunity: Property is in excellent condition with updated mechanical systems and flexible interior layout. • Compact & Manageable: At 713 SF, the space is efficient and adaptable for a variety of commercial uses. • Zoning Flexibility: CBD zoning allows for wide range of business types including food service, retail, and office. • Location Strength: High-income demographics and consistent foot traffic enhance long-term lease or owner-user value. • Low Overhead: Small footprint and modernized infrastructure reduce operating costs. • Historic Charm: Built in 1920, the building retains classic character while benefiting from recent upgrades.