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Ferris Business Center 220-230 Ferris Ave 50,000 SF 100% Leased Industrial Building White Plains, NY 10603 $5,750,000 ($115/SF)
Investment Highlights
- Two-story, ±50,000 SF property currently ±95% leased with diversified tenancy.
- Surrounding area includes 5,098 new residential units, boosting demand for nearby light industrial services.
- Located within White Plains’ compact light industrial submarket, supporting continued tenant absorption and rent stability.
- Five loading doors and on-site parking for 35+ vehicles, including an MTA-leased area.
- Convenient access to I-287, I-95, Hutchinson River Parkway, and public transit options including Metro-North Railroad.
Executive Summary
220-230 Ferris Avenue offers a fully leased light industrial asset in the growing White Plains market. The two-building property comprises approximately 50,000 square feet across two stories and is currently ±95% occupied, providing a stable and diversified tenant base. Set within a high-demand submarket experiencing strong absorption and minimal vacancy, this property is well-positioned for sustained occupancy and potential rental rate growth.
With zoning designated as Light Industrial, the property services an expanding residential population in White Plains. Over 5,000 new apartment units are either recently delivered or under development in the immediate market, driving ongoing demand for service-oriented industrial spaces. The site includes over 35 parking spaces and features five loading doors to accommodate logistics needs. Ideal for long-term investors seeking predictable income with upside potential in a supply-constrained market, 220-230 Ferris Avenue offers a rare opportunity in a location that benefits from easy access to major regional highways, including I-287, I-95, and the Hutchinson River Parkway.
With zoning designated as Light Industrial, the property services an expanding residential population in White Plains. Over 5,000 new apartment units are either recently delivered or under development in the immediate market, driving ongoing demand for service-oriented industrial spaces. The site includes over 35 parking spaces and features five loading doors to accommodate logistics needs. Ideal for long-term investors seeking predictable income with upside potential in a supply-constrained market, 220-230 Ferris Avenue offers a rare opportunity in a location that benefits from easy access to major regional highways, including I-287, I-95, and the Hutchinson River Parkway.
Property Facts
| Price | $5,750,000 | Lot Size | 0.61 AC |
| Price Per SF | $115 | Rentable Building Area | 50,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1963 |
| Property Subtype | Manufacturing | Parking Ratio | 0.84/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | UR-2 - Commercial | ||
| Price | $5,750,000 |
| Price Per SF | $115 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.61 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.84/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | UR-2 - Commercial |
Amenities
- 24 Hour Access
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1700-125-042-00001-000-0001 | Improvements Assessment | $82,875 |
| Land Assessment | $26,125 | Total Assessment | $109,000 |
Property Taxes
Parcel Number
1700-125-042-00001-000-0001
Land Assessment
$26,125
Improvements Assessment
$82,875
Total Assessment
$109,000
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Ferris Business Center | 220-230 Ferris Ave
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