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17 Lockwood Ave
Yonkers, NY 10701
Retail Property For Sale
Investment Highlights
- Prime corner lot with high visibility, Mixed-use retail + residential income
- Additional income from 3 garage spaces, Separate residential entrance
- Walk-out basement with potential
- Strong existing storefront presence, Strong existing storefront presence
- Two residential units generating stable rent
- Ideal for investor or owner-user, Located near transportation and major roads
Executive Summary
Prime mixed-use investment opportunity in the heart of Yonkers. This income-producing property features a fully operational retail storefront, two residential units, and three garage spaces, creating multiple revenue streams.
The retail space benefits from excellent corner visibility, strong foot traffic, and an established business presence. The residential component includes a 1-bedroom unit generating $1,850/month and a 3-bedroom unit generating $2,850/month, providing consistent rental income. Additional revenue is derived from three garage spaces rented at $200/month each.
Ideal for investors seeking stable cash flow or owner-users looking for a live/work opportunity. Conveniently located near major roadways, public transportation, and local amenities.
The retail space benefits from excellent corner visibility, strong foot traffic, and an established business presence. The residential component includes a 1-bedroom unit generating $1,850/month and a 3-bedroom unit generating $2,850/month, providing consistent rental income. Additional revenue is derived from three garage spaces rented at $200/month each.
Ideal for investors seeking stable cash flow or owner-users looking for a live/work opportunity. Conveniently located near major roadways, public transportation, and local amenities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built
1969
Price
$949,000
Price Per SF
$338.93
Cap Rate
8%
NOI
$75,920
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.04
Lot Size
0.06 AC
Zoning
B - Commercial zoning allowing mixed-use retail and residential occupancy
Frontage
50’ on Lockwood Ave
Property Taxes
| Parcel Number | 1800-002-000-02363-000-0038 | Improvements Assessment | $7,400 |
| Land Assessment | $2,000 | Total Assessment | $9,400 |
Property Taxes
Parcel Number
1800-002-000-02363-000-0038
Land Assessment
$2,000
Improvements Assessment
$7,400
Total Assessment
$9,400
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