504 5th St 2,000 SF Retail Building Pelham, NY 10803 $972,000 ($486/SF) 10% Cap Rate

Prime Development Opportunity in the Heart of Pelham
504 Fifth Avenue, Pelham, NY presents a rare opportunity to acquire a ±2,000 SF freestanding commercial building in one of Pelham’s most desirable and walkable locations.
Positioned just steps from Pelham’s vibrant downtown corridor, the property benefits from exceptional visibility and foot traffic. It sits directly across the street from a high-traffic restaurant and just around the corner from a well-known neighborhood coffee shop, creating a built-in daytime and evening customer base. Ample public parking is available throughout the immediate vicinity, further enhancing accessibility for both customers and tenants.
The existing structure offers flexibility for an owner-user, investor, or developer — with significant upside potential. Subject to zoning approval, the building allows for expansion up to six stories, presenting a compelling redevelopment or mixed-use opportunity. Importantly, the Village of Pelham has demonstrated active support for additional housing development, making this an especially attractive asset for forward-thinking investors seeking long-term value creation.
With its central location, strong surrounding retail presence, walk-to-everything convenience, and future development potential, 504 Fifth Avenue represents a rare chance to control a core Pelham asset with meaningful upside.
Opportunities like this are seldom available.
For further details or to schedule a private viewing, please contact Maurice Owen-Michaane directly.