311 Waverly Avenue – Prime Industrial Property | Mamaroneck, NY Offered at $1,790,000 Christie’s International Real Estate – Commercial Division proudly presents 311 Waverly Avenue, a premier industrial asset offering exceptional potential for development or adaptive commercial use in the dynamic business corridor of Mamaroneck, New York. Property Overview Positioned on an 11,600± SF lot (0.26 acres), this fully fenced and secured parcel offers flexibility for users, developers, or investors seeking a high-demand asset within one of Westchester’s most supply-constrained industrial markets. With 121 feet of frontage, the property delivers strong visibility, access, and long-term versatility. Zoning: M-1 Manufacturing Lot Size: 11,600± SF FAR: 1.02 2025 Taxes: $8,674 Utilities: Electric and water on-site Frontage: 121 feet Environmental: Clean Environmental Report (January 2020) Potential Build: Up to ±5,000 SF custom facility Walk Score®: Very Walkable (87) Strategic Location 311 Waverly Avenue benefits from a prime location minutes from I-95, the Hutchinson River Parkway, and Boston Post Road, providing direct access to New York City, the Bronx, and major regional distribution routes. The Mamaroneck Metro-North Station is just a 7-minute walk, connecting businesses to the city’s workforce and logistics network. Its location within the Lower Westchester industrial corridor positions it as a strategic operational base for logistics, light manufacturing, or service-based industries. Transit Access: Mamaroneck Station – 0.4 mi (7 min walk) Larchmont Station – 1.8 mi I-95 & Hutchinson Pkwy – 3 min drive Westchester County Airport – 21 min LaGuardia Airport – 33 min JFK International – 40 min Market Context & Investment Opportunity Industrial real estate in Lower Westchester County continues to be one of the most resilient and competitive asset classes across the New York metro region. With increasing displacement of light-industrial users from the Bronx and Upper Manhattan, vacancy rates have dropped below 3%, while rents for small-bay and flex space range from $20–$28 per SF NNN, depending on configuration and ceiling height. Comparable M-1 and I-zoned land parcels in Mamaroneck, Yonkers, and Mount Vernon have recently traded between $130 and $175 per buildable SF. Priced at $1.79 million, or approximately $155 per buildable SF (based on a potential 11,600 SF GBA / 5,000 SF facility), 311 Waverly Avenue is attractively positioned within current market dynamics. This property is ideal for: Owner-occupants seeking to build a custom logistics, contractor, or automotive facility. Developers exploring small-bay industrial or commercial parking uses. Investors looking to capture rent growth and appreciation in a high-barrier market. Demographics & Workforce Access Radius Population Median HH Income Daytime Employees 1 Mile 18,109 $133,623 9,385 3 Miles 84,787 $174,514 37,284 The surrounding area supports a diverse and affluent consumer base, a skilled workforce, and strong commercial infrastructure.