571-585 Gramatan Ave - Restaurant FOR SALE


Mount Vernon, NY 10552- North Side
$4,495,000 USD
845-594-2603
571-585 Gramatan Ave, Mount Vernon, NY for Sale
$4,495,000 USD
Restaurant - FOR SALE
1/6
null | 8.97% Cap Rate

571-585 Gramatan Ave
Mount Vernon, NY 10552
North Side


HIGHLIGHTS

  • Expansive rooftop dining area accommodating up to 250 guests, complete with kitchen, two bars, and restrooms.
  • Includes an additional parcel of approximately 8,376 square feet for added flexibility.
  • Located in Fleetwood, near the Metro-North station, ensuring excellent transit accessibility.
  • Positioned on a corner lot along Gramatan Avenue with strong visibility.
  • Quick access to Cross County Parkway and Bronx River Parkway for regional connectivity.
  • Existing build-out as a full-service restaurant reduces upfront renovation costs.

OVERVIEW

I am pleased to offern this Highly Sought After Investment Property which has been in my Family for over 50 Years. This property consist of One Retail Commercial Strip Mall with 8 Retail Stores Fronts with High Visibilty to Cross County Parkway and All Shops/Stores. The Second Floor is Fully Newly Renovated Rooftop Bar which consist of Two Fully Built Out Bars, One (1) Fully Built out Commercial Kitchen, and Two Commercial Restroom Areas. The First Floor Space Also Features an additional Two Bars, Fully Built out Kitchen Area with Commercial Refrigeration Featured in the rear of the Building. This Building has Up-To-Code Sprikler System, Up-To-Code Sysmeise Connection, 3 Phase Eletrical System, Brand New Roof Constructed 2026. This Sale comes with a Second Buildable Lot Located in the Rear of 571 Gramatan Ave. Seperate Address and Tax Lot. Two combined lots, including an adjoining parcel of approximately 8,376 square feet for a total of over 15,0000, enhancing redevelopment potential on this property. Featuring an expansive rooftop dining area capable of accommodating up to 250 guests, the space includes two bar, a kitchen, and dedicated restrooms for seamless operations. The first floor of the property is a built-out restaurant with two additional lots. Located on Gramatan Avenue, the property sits two blocks from the Fleetwood Metro-North train station and provides convenient access to major roadways such as Cross County Parkway and Bronx River Parkway. This offering is ideal for investors or experienced operators seeking an established hospitality location with supplemental land for parking or future improvements.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

8.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fleetwood Strip Mall w/2 Lots

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

NB-B2

APN/PARCEL ID

0800-165-022-01014-000-0012

ASK ABOUT THIS PROPERTY

Bonnie SteinbergT & N Properties IncMore Info
845-594-2603

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Bonnie SteinbergT & N Properties IncMore Info
845-594-2603

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