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Mixed-Use Building 16 Memorial Hwy 3,018 SF Retail Building New Rochelle, NY 10801 $1,400,000 ($463.88/SF)
Investment Highlights
- Mixed-use property with commercial bar space and residential apartment
- Separate heating systems servicing units
- Strong rental and investment potential
- Spacious 3-bedroom apartment located above the bar
- Basement mechanical improvements recently completed
Executive Summary
Located in the heart of New Rochelle, 16 Memorial Highway presents an excellent mixed-use investment/development opportunity featuring a commercial bar space with a residential apartment above. Ideally positioned near downtown New Rochelle, Metro-North transportation, major highways, shopping, dining, and waterfront amenities, this property offers strong income potential and long-term upside in one of Westchester County’s growing markets. The property includes a well-established commercial layout on the first floor with a spacious 3-bedroom apartment located above the bar, making it attractive for both investors and owner-operators seeking additional rental income or live/work flexibility. This well-maintained building reflects years of ownership pride and extensive capital improvements, with major mechanicals, systems, and renovations already completed. Taxes are $19,795.04 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,018 SF
Building Class
C
Year Built
1900
Price
$1,400,000
Price Per SF
$463.88
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.05 AC
Opportunity Zone
Yes
Amenities
- 24 Hour Access
- Fenced Lot
- Restaurant
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1000-000-002-00416-000-0071 | Improvements Assessment | $4,700 |
| Land Assessment | $8,800 | Total Assessment | $13,500 |
Property Taxes
Parcel Number
1000-000-002-00416-000-0071
Land Assessment
$8,800
Improvements Assessment
$4,700
Total Assessment
$13,500
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Mixed-Use Building | 16 Memorial Hwy