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157 Lockwood Ave 2,013 SF Retail Building Yonkers, NY 10701 $2,900,000 ($1,440.64/SF)
Executive Summary
Prime medical investment property strategically positioned in a well-established, high-demographic market, offering an exceptional opportunity for investors seeking stable, long-term income in the healthcare sector. The property is affiliated with St. Joseph’s Hospital, providing a strong medical presence and enhancing the location’s appeal to patients, practitioners, and healthcare-related tenants.
The property is leased to established medical user on long-term lease with renewal options, providing investors with attractive income stability and the potential for long-term occupancy. Its medical use and institutional affiliation further support the property’s durable tenant demand.
Located in a high-demographic area with strong surrounding residential and commercial density, the property benefits from a substantial potential patient base and convenient access for both staff and visitors. Its proximity to major highways and key transportation routes provides excellent regional accessibility and makes the location convenient for patients traveling from surrounding communities.
The property’s combination of medical tenancy, long-term leases with options, hospital affiliation, strong demographics, and convenient highway access makes it a compelling investment opportunity for investors seeking a well-positioned, income-producing medical asset with long-term potential.
The property is leased to established medical user on long-term lease with renewal options, providing investors with attractive income stability and the potential for long-term occupancy. Its medical use and institutional affiliation further support the property’s durable tenant demand.
Located in a high-demographic area with strong surrounding residential and commercial density, the property benefits from a substantial potential patient base and convenient access for both staff and visitors. Its proximity to major highways and key transportation routes provides excellent regional accessibility and makes the location convenient for patients traveling from surrounding communities.
The property’s combination of medical tenancy, long-term leases with options, hospital affiliation, strong demographics, and convenient highway access makes it a compelling investment opportunity for investors seeking a well-positioned, income-producing medical asset with long-term potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,013 SF
Building Class
B
Year Built
1995
Price
$2,900,000
Price Per SF
$1,440.64
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.23 AC
Zoning
B
Parking
12 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
90’ on Lockwood Ave
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
NY Cataract & Laser Eye Care has served the lower Westchester area since 2005. The medical care and concern that we provide is of the highest possible standard. Each patient that we care for can be assured that they will receive medical and surgical care that involves honest and caring ophthalmologists and optometrists, the most advanced and state-of-the-art medical and surgical technology, outstanding contact lens fitting, a wide selection of glasses in our optical dispensary and the support of a professional and caring staff.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1800-002-000-02327-000-0048 | Improvements Assessment | $11,870 |
| Land Assessment | $13,400 | Total Assessment | $25,270 |
Property Taxes
Parcel Number
1800-002-000-02327-000-0048
Land Assessment
$13,400
Improvements Assessment
$11,870
Total Assessment
$25,270
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157 Lockwood Ave