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259 Westchester Ave 4,225 SF 100% Leased Retail Building Pound Ridge, NY 10576 $2,350,000 ($556.21/SF) 6.72% Cap Rate



Investment Highlights
- Heavy Foot Traffic. Directly Across from Jean Georges The Inn at Pound Ridge
- Open Space with all upgraded mechanicals and infrastructure.
- Mix-use investment / end user opportunity
Executive Summary
This unique mixed-use property offers an exceptional opportunity for both investors and owner-occupants. Zoned as a single-family residence with a legal non-conforming commercial use, the property was completely renovated down to the studs between 2017 and 2019, with all major mechanical systems, utilities, and infrastructure replaced during the extensive remodel.
The main level is currently configured as a retail showroom and office, providing an ideal space for a variety of commercial uses. The second floor features a beautifully appointed 3-bedroom, 2-bath luxury apartment with a private entrance, offering comfortable living or a valuable rental opportunity.
Adding even more versatility is the fully renovated two-story barn at the rear of the property, offering an additional 1,584 square feet of heated and air-conditioned space. Perfect for storage, workshop, studio, or additional business operations, the barn presents significant potential for supplemental income or expanded use.
Whether you're seeking a turnkey investment with established income or a property to operate your own business while generating rental revenue, this offering delivers exceptional flexibility
The main level is currently configured as a retail showroom and office, providing an ideal space for a variety of commercial uses. The second floor features a beautifully appointed 3-bedroom, 2-bath luxury apartment with a private entrance, offering comfortable living or a valuable rental opportunity.
Adding even more versatility is the fully renovated two-story barn at the rear of the property, offering an additional 1,584 square feet of heated and air-conditioned space. Perfect for storage, workshop, studio, or additional business operations, the barn presents significant potential for supplemental income or expanded use.
Whether you're seeking a turnkey investment with established income or a property to operate your own business while generating rental revenue, this offering delivers exceptional flexibility
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,225 SF
Building Class
B
Year Built/Renovated
1860/2019
Price
$2,350,000
Price Per SF
$556.21
Cap Rate
6.72%
NOI
$157,939
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.34 AC
Zoning
02 - SF Non-Conforming Commercial Use
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Contact the Sale Advisor
259 Westchester Ave
