505 White Plains Rd - Office FOR SALE


Tarrytown, NY 10591
$3,200,000 USD
914-439-4597
505 White Plains Rd, Tarrytown, NY for Sale
$3,200,000 USD
Office - FOR SALE
1/7
null | 7.25% Cap Rate

505 White Plains Rd
Tarrytown, NY 10591


HIGHLIGHTS

  • Strong Value Add Investment Opportunity with in-place cash flow
  • Exceptional location on Route 119 White Plains Road in Tarrytown
  • Diverse tenant rooster anchored by 24/7 drive-thru ATM Bank branch
  • Boasting 226’ of frontage along White Plains Road offering unmatched street level visability
  • Flexible & Adaptable floor plates and divisions
  • Ample on-site parking with upper and lower-level surface parking for easy access

OVERVIEW

Colliers has been retained on an exclusive basis to arrange the sale of 505 White Plains Road Tarrytown, NY (the “Property”). The Westchester property in the village Tarrytown, within the Town of Greenburgh is a 2-story professional building consisting of +/- 26,859 square feet including office space and a bank retail branch with a drive-thru ATM. The Property is currently 77% leased to a diverse roster of fourteen tenants. The property offers an ideal opportunity to acquire a cash flowing asset at an attractive basis below replacement cost with the opportunity to boost NOI and increase WALT (Weighted Average Lease Term) and potential for mark-to-market rent growth. Strategically positioned along Route 119 (White Plains Road). Just .75 miles to I287 and within one mile of the Mario Cuomo Bridge, steps from Bee-Line Bus Stop, 2.2 miles to Tarrytown train station, 12.5 miles to Westchester airport and 26 miles to Laguardia. The Property is surrounded by national retailers, hospitality, healthcare and corporate occupiers such as Chipotle, Starbucks, Stop & Shop, Westchester Marriot, Spring Hill Suites, BASF, Siemens Healthcare, Northwell.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

commercial

APN/PARCEL ID

2689-007-160-00041-000-0002

ASK ABOUT THIS PROPERTY

Robert LellaColliersMore Info
914-439-4597

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

Robert LellaColliersMore Info
914-439-4597

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