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290 Drake Ave - Wright Island Marina 20,000 SF Specialty Building Offered at $10,000,000 in New Rochelle, NY 10805
Investment Highlights
- Located in Residence Park, a desirable waterfront neighborhood in New Rochelle with scenic views and upscale surroundings.
- Offers excellent accessibility—just 3 minutes to New Rochelle Metro-North Station and under 30 minutes to LaGuardia Airport.
- Surrounded by vibrant amenities including restaurants, banks, fitness centers, and retail shops within a short drive.
- The property spans 0.43 acres and is currently classified as a marina facility, offering unique redevelopment potential.
- Zoned for marine and waterfront-related uses, with potential for adaptive reuse or conversion to mixed-use development.
- Located in a growing submarket with strong demographics—median household income of $81,962 and steady population growth projected through 2029.
Executive Summary
The subject offering is for a 7-lot mixed use waterfront property located in New Rochelle, New York in Westchester County. The offering includes 4 single-family townhouses, an industrial building occupied by a marine repair shop, a commercial building with a restaurant, a parking lot with 250 spaces, and a full service 125 slip marina. The marina business can be included in the sale. Located near the intersection of Pelham Rd and Drake Ave, this property is only minutes away from restaurants, shops, markets, schools, Pelham Bay Park, Glen Island Park, Route 1, and I-95.
Property Facts
| Price | $10,000,000 | Lot Size | 0.84 AC |
| Price Per SF | $500 | Building Size | 20,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1982 |
| Property Subtype | Marina | Parking Ratio | 4.15/1,000 SF |
| Building Class | B | ||
| Zoning | 570 - Marina | ||
| Price | $10,000,000 |
| Price Per SF | $500 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 0.84 AC |
| Building Size | 20,000 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 4.15/1,000 SF |
| Zoning | 570 - Marina |
Amenities
- Waterfront
Property Taxes
| Parcel Number | 1000-000-002-00463-000-0001 | Improvements Assessment | $11,750 |
| Land Assessment | $30,600 | Total Assessment | $42,350 |
Property Taxes
Parcel Number
1000-000-002-00463-000-0001
Land Assessment
$30,600
Improvements Assessment
$11,750
Total Assessment
$42,350
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290 Drake Ave - Wright Island Marina
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