510 Piermont Ave - Retail FOR SALE


Piermont, NY 10968
$3,699,000 USD
845-848-2300
510 Piermont Ave, Piermont, NY for Sale
$3,699,000 USD
Retail - FOR SALE
1/16
null | 5.7% Cap Rate

510 Piermont Ave
Piermont, NY 10968


HIGHLIGHTS

  • Prime location on Piermont Ave., high foot and vehicle traffic.

OVERVIEW

Exceptional opportunity to acquire a well-positioned mixed-use commercial and residential property in the heart of the highly sought-after Village of Piermont, NY. This all-brick building offers an attractive combination of residential and commercial income with strong tenant occupancy, making it an excellent investment opportunity. The property features 8 residential apartments, consisting of four one-bedroom apartments and four studio apartments, along with three ground-floor commercial storefronts, providing multiple income streams within one property. Ideally located just steps from the Piermont waterfront and surrounded by the Village’s popular award-winning restaurants, cafés, art galleries, shops and recreational amenities. Nearby Tallman Mountain State Park offers hiking, biking and outdoor recreation, while the Hudson River and Piermont Pier contribute to the unique waterfront lifestyle that continues to make Piermont such a desirable destination. With its all-brick construction, strong occupancy, 11 residential and commercial units, prime Village location and proximity to the Hudson River, 510 Piermont Avenue represents a compelling opportunity for investors seeking an income-producing mixed-use asset in one of Rockland County’s most distinctive river communities.

FOR SALE DETAILS

PRICE

$3,699,000 USD

PRICE/SF

$1,850 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

BB

APN/PARCEL ID

392405-075-054-0002-025-000-0000

ASK ABOUT THIS PROPERTY

Wilson VasquezRound House PropertiesMore Info
845-848-2300

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Wilson VasquezRound House PropertiesMore Info
845-848-2300

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