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441 Central Ave
White Plains, NY 10606
Central Motel Courtyard - REDEVELOPMENT · Hospitality Property For Sale
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32 Rooms
EXECUTIVE SUMMARY
CALL FOR PRICE
The Site consists of two tax lots totaling approximately 22,722 square feet with one lot, known as 441 Central Avenue, currently developed with a 28 guest room motel and the other lot, known as 19 Waldo Avenue, currently developed with a single family home.
Situated in the B-3 (Intermediate Business) zoning district, which permits hotels, multifamily housing and various other uses (see attached zoning code)
Section 125.72, Block 8, Lots 1 and 2
Approved in 2021 for the demolition of the existing two-story motel and single family home followed by the construction of a four-story, 45 foot tall, 37,142 square foot hotel with 87 rooms and amenities such as lobby, lounge, exercise room and meeting rooms along with off street parking for 88 cars provided by mechanized vehicle lifts
("Lifts") located on the first floor of the garage
The Site consists of two tax lots totaling approximately 22,722 square feet with one lot, known as 441 Central Avenue, currently developed with a 28 guest room motel and the other lot, known as 19 Waldo Avenue, currently developed with a single family home.
Situated in the B-3 (Intermediate Business) zoning district, which permits hotels, multifamily housing and various other uses (see attached zoning code)
Section 125.72, Block 8, Lots 1 and 2
Approved in 2021 for the demolition of the existing two-story motel and single family home followed by the construction of a four-story, 45 foot tall, 37,142 square foot hotel with 87 rooms and amenities such as lobby, lounge, exercise room and meeting rooms along with off street parking for 88 cars provided by mechanized vehicle lifts
("Lifts") located on the first floor of the garage
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 32 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1957 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.52 AC | Parking Ratio | 1.67/1,000 SF |
| Building Size | 22,775 SF | Corridor | Exterior |
| Zoning | B-3 - Allows mix use, either current use as a hotel with the option to expand up to 4 stories and 87 keys or a 44 apartments residential-commercial use. | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 22,775 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Exterior |
| Zoning | B-3 - Allows mix use, either current use as a hotel with the option to expand up to 4 stories and 87 keys or a 44 apartments residential-commercial use. |
AMENITIES
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 32 | $137.00 | - |
PROPERTY TAXES
| Parcel Number | 1700-125-072-00008-000-0001 | Improvements Assessment | $10,000 |
| Land Assessment | $47,500 | Total Assessment | $57,500 |
PROPERTY TAXES
Parcel Number
1700-125-072-00008-000-0001
Land Assessment
$47,500
Improvements Assessment
$10,000
Total Assessment
$57,500
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