221 N Greeley Ave - Downtown Chappaqua Mixed Use Development Site 0.34 Acres of Commercial Land Offered at $1,250,000 in Chappaqua, NY 10514

Situated on North Greeley Avenue, just a short walk from the Chappaqua Metro-North station and downtown shops and restaurants, 221 N. Greeley Avenue presents a rare development opportunity. Located in the B-R district, the zoning allows a buyer to build up to four residential units with ground-level office or retail space as-of-right. Draft plans have been prepared for a 6,500-square-foot mixed-use building designed to generate five separate income streams. The layout features 2,500 square feet of ground-floor retail or office space topped by four two-story, two-bedroom townhouse-style residences. The lot currently includes a vacant 1,292-square-foot, three-bedroom single-family home in good condition. This gives a buyer the flexibility to generate immediate rental income, reside on site, or simply hold a functioning asset while navigating the town approval process. Prospective buyers should note that the current architectural plans are conceptual, with no formal applications filed or town approvals issued to date. The property is located in the highly regarded Chappaqua Central School District and offers a direct, easy commute to Grand Central Terminal.