PRIME DOWNTOWN ASSEMBLAGE FOR SALE FOR SALE


Dobbs Ferry, NY
$5,700,000 USD
914-262-2598
, Dobbs Ferry, NY for Sale
$5,700,000 USD
FOR SALE
1/37
null | 7.88% Cap Rate

PRIME DOWNTOWN ASSEMBLAGE FOR SALE
Dobbs Ferry, NY


HIGHLIGHTS

  • Mixed-Use Portfolio: 3 properties with 4 commercial and 10 residential units offering multiple income streams.
  • Prime Location: Located in the heart of Dobbs Ferry with strong visibility and foot traffic.
  • Fully Leased Restaurant & Beer Garden: 83 Main includes a fully equipped restaurant, bar, and outdoor seating area.
  • Development Opportunity: 89 Main is a buildable lot with potential for mixed-use expansion.
  • Renovated Residential Units: Updated apartments in 83 and 91 Main appeal to modern renters.
  • Established Retail Tenants: 91 Main features stable tenants including a barbershop and loan office.

OVERVIEW

4 COMMERCIAL UNITS | 10 RESIDENTIAL UNITS | DEDICATED PARKING LOT *Inquire for full financials* In the heart of Dobbs Ferry’s vibrant downtown core—just a 5-minute walk to the Metro-North Hudson Line and steps from sweeping Hudson River views—this rare assemblage of three contiguous properties offers a unique opportunity to invest in the fabric of Main Street USA. Spanning 83, 89, and 91 Main Street, the portfolio blends commercial storefronts, residential apartments, a dedicated parking lot, and a fully renovated historic barn. Together, these properties create a diversified revenue stream while offering future redevelopment potential in one of Westchester County’s most sought-after river towns. INVESTMENT APPEAL * Transit-Oriented Location– 0.3 miles (5-minute walk) to Dobbs Ferry Metro-North Station with direct Hudson Line service to Manhattan in under 40 minutes. * Hudson River Lifestyle– Steps from waterfront parks, the Old Croton Aqueduct Trail, and award-winning dining. * Affluent Trade Area– Median household income of $144K within 1 mile; $162K within 3 miles. * Diverse Revenue Streams– Stable long-term tenants, short-term rental potential, commercial leases, and parking income. * Value-Add Potential– Lease workshop space, develop 89 Main Street, or reposition residential units for higher yields. * Zoning Flexibility– DB (Downtown Business District) allows for mixed-use redevelopment, encouraging residential above retail and flexible parking standards. PROPERTY HIGHLIGHTS * Assemblage Size: ±0.38 acres across three contiguous parcels (83, 89 & 91 Main Street). * Total Units: 4 commercial units & 10 residential apartments. * Dedicated Parking: 89 Main Street parcel serves as exclusive parking for both buildings — a rare downtown asset. * Anchor Tenants: Doubleday’s Restaurant & Beer Garden, Loan Depot, Ronan’s Barber Shop. * Historic Character: Renovated barn conversion offering unique live/work possibilities. * Prime Visibility: Combined ±128’ Main Street frontage in a thriving Hudson River village. * Transit Access: 5-minute walk to Metro-North Hudson Line; direct access to NYC. * Affluent Demographics: High median household income and strong local spending power. * Portfolio Diversification: Multiple asset types in one package — retail, apartments, parking, and specialty space. * Value-Add Upside: Development potential on 89 Main Street, re-leasing at market rates, and additional income from unused spaces. 83 Main Street–Mixed-Use with Renovated Barn ±8,712 SF, three-story mixed-use building with ground-floor anchor tenant: Doubleday’s Restaurant & Beer Garden. 6 modern residential apartments: one 1BR unit, two 2BR units, and two 3BR units, each offering strong rental appeal. Rear beer garden with full bar, stone fireplace, and seating — a proven destination for locals and visitors alike. Fully renovated historic barn (±900 SF commercial + ±700 SF residential) blending rustic charm with contemporary finishes. Basement storage and 73’ of Main Street frontage. 89 Main Street presents a prime opportunity for mixed-use development, offering investors significant potential for value creation and the ability to expand and diversify their investment portfolio. 91 Main Street–Mixed-Use with High-Visibility Retail ±4,792 SF, three-story mixed-use building withtwo ground-floor retail tenants: Loan Depot & Ronan’s Barber Shop. 4 residential units: three 2BR units and one 1BR with two full baths. Renovated interiors, fenced backyard, and potential value-add from a small workshop in the rear that could be leased separately. 55’ Main Street frontage with excellent visibility and steady pedestrian traffic. Fully renovated historic barn (±900 SF commercial + ±700 SF residential) blending rustic charm with contemporary finishes.

ASK ABOUT THIS PROPERTY

Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

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Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

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