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3 Elm Pl
Rye, NY 10580
The Pub · Retail Property For Sale
EXECUTIVE SUMMARY
3 Elm Place offers a rare opportunity to acquire a fully renovated, freestanding commercial property in the heart of Rye's thriving downtown district. Located just steps from the Metro-North station and within walking distance to shops, schools, and residential neighborhoods, this property is ideally suited for food & beverage, boutique retail, or service-based businesses.
• Prime Location: Situated in Rye's historic and vibrant Central Business District with high pedestrian traffic.
• New Infrastructure: Includes a brand-new roof, updated framing, new electrical panels, and all-new plumbing systems.
• Efficient HVAC: Equipped with Mitsubishi mini splits for modern, energy-efficient heating and cooling.
• Functional Lower Level: Full cellar with walk-in cooler and soda system, ideal for restaurant or bar operations.
• Turnkey Opportunity: Property is in excellent condition with updated mechanical systems and flexible interior layout.
• Compact & Manageable: At 713 SF, the space is efficient and adaptable for a variety of commercial uses.
• Zoning Flexibility: CBD zoning allows for wide range of business types including food service, retail, and office.
• Location Strength: High-income demographics and consistent foot traffic enhance long-term lease or owner-user value.
• Low Overhead: Small footprint and modernized infrastructure reduce operating costs.
• Historic Charm: Built in 1920, the building retains classic character while benefiting from recent upgrades.
• Prime Location: Situated in Rye's historic and vibrant Central Business District with high pedestrian traffic.
• New Infrastructure: Includes a brand-new roof, updated framing, new electrical panels, and all-new plumbing systems.
• Efficient HVAC: Equipped with Mitsubishi mini splits for modern, energy-efficient heating and cooling.
• Functional Lower Level: Full cellar with walk-in cooler and soda system, ideal for restaurant or bar operations.
• Turnkey Opportunity: Property is in excellent condition with updated mechanical systems and flexible interior layout.
• Compact & Manageable: At 713 SF, the space is efficient and adaptable for a variety of commercial uses.
• Zoning Flexibility: CBD zoning allows for wide range of business types including food service, retail, and office.
• Location Strength: High-income demographics and consistent foot traffic enhance long-term lease or owner-user value.
• Low Overhead: Small footprint and modernized infrastructure reduce operating costs.
• Historic Charm: Built in 1920, the building retains classic character while benefiting from recent upgrades.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
941 SF
Building Class
C
Year Built
1920
Price
$975,000
Price Per SF
$1,036.13
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.02 AC
Zoning
B2
Frontage
20’ on Elm Place
PROPERTY TAXES
| Parcel Number | 1400-146-007-00002-000-0017 | Improvements Assessment | $9,100 |
| Land Assessment | $3,100 | Total Assessment | $12,200 |
PROPERTY TAXES
Parcel Number
1400-146-007-00002-000-0017
Land Assessment
$3,100
Improvements Assessment
$9,100
Total Assessment
$12,200
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