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12 Memorial Hwy 6,295 SF 100% Leased Retail Building New Rochelle, NY 10801 $1,850,000 ($293.88/SF)
Investment Highlights
- Located in New Rochelle’s downtown submarket with direct access to Metro-North station.
- Highly visible frontage with strong pedestrian and vehicle traffic.
- Various mixed-use development possibilities supported by surrounding urban amenities.
- Building consists of one ground-floor retail space and can be delivered vacant.
- Public parking available directly across the street for added convenience.
- Situated in a tax incentive zone, offering potential financial benefits.
Executive Summary
12 Memorial Highway presents a rare commercial development opportunity in the heart of New Rochelle’s thriving downtown. This 6,295 square foot single-story retail building sits on a C2-zoned lot, offering approximately 20,923 ZSF of buildable area for future development. Located on Memorial Highway, the property enjoys high visibility and proximity to the Metro-North station, ensuring superior commuter access and connectivity to New York City and the surrounding region.
Currently home to one retail space, the structure can be delivered vacant, providing flexibility for owner-users or developers with growth-focused plans. The site supports a wide range of development possibilities, making it a strong candidate for a ground-up project. Public parking availability directly across the street adds convenience for future tenants and customers, while the bustling historic district of New Rochelle ensures a built-in customer base and vibrant pedestrian traffic.
This offering represents one of the last remaining opportunities in this rapidly redeveloping submarket, combining prime frontage, exceptional accessibility, and investment potential in one package.
Currently home to one retail space, the structure can be delivered vacant, providing flexibility for owner-users or developers with growth-focused plans. The site supports a wide range of development possibilities, making it a strong candidate for a ground-up project. Public parking availability directly across the street adds convenience for future tenants and customers, while the bustling historic district of New Rochelle ensures a built-in customer base and vibrant pedestrian traffic.
This offering represents one of the last remaining opportunities in this rapidly redeveloping submarket, combining prime frontage, exceptional accessibility, and investment potential in one package.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,295 SF
Building Class
C
Year Built
1932
Price
$1,850,000
Price Per SF
$293.88
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial district predominantly residential in character
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1000-000-002-00416-000-0072 | Improvements Assessment | $4,000 |
| Land Assessment | $17,250 | Total Assessment | $21,250 |
Property Taxes
Parcel Number
1000-000-002-00416-000-0072
Land Assessment
$17,250
Improvements Assessment
$4,000
Total Assessment
$21,250
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12 Memorial Hwy
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