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Investment Highlights
- Highly Visible Main Street Retail Location
- NB District with DO-3 Gateway Overlay Zoning
- Located at Edge of Downtown New Rochelle Growth Corridor
- Retail Building or Redevelopment Opportunity
- Mixed-Use Development Potential up to 6 Stories
- Ideal for Owner-User Retail Use
Executive Summary
659 Main Street is a retail building and development opportunity in New Rochelle, Westchester County, NY, ideal for a retail owner-occupant, grocery store, neighborhood market, specialty retail, restaurant, or service retail business.
The existing building provides an opportunity for owner-occupied retail use, making it well suited for grocery operators, food markets, convenience retail, restaurant concepts, or neighborhood retail businesses seeking a presence in the growing downtown New Rochelle retail corridor.
The property is located within the NB District with the DO-3 Gateway Overlay, which allows for commercial use or redevelopment into a multi-story mixed-use building up to six stories, creating strong potential for mixed-use development with residential over retail.
Positioned at the edge of downtown New Rochelle’s rapidly expanding development district, the site benefits from increasing residential density, foot traffic, and demand for neighborhood retail, grocery, and service businesses. Numerous new mixed-use residential developments nearby continue to drive demand for ground-floor retail and local amenities.
The location offers strong visibility along Main Street, excellent walkability, and convenient access to major transportation routes and the New Rochelle Metro-North station, providing direct connectivity to New York City and the broader Westchester market.
This property is ideal for retail owner-occupants, grocery store operators, neighborhood retail businesses, investors, or developers seeking a mixed-use redevelopment opportunity in downtown New Rochelle.
The existing building provides an opportunity for owner-occupied retail use, making it well suited for grocery operators, food markets, convenience retail, restaurant concepts, or neighborhood retail businesses seeking a presence in the growing downtown New Rochelle retail corridor.
The property is located within the NB District with the DO-3 Gateway Overlay, which allows for commercial use or redevelopment into a multi-story mixed-use building up to six stories, creating strong potential for mixed-use development with residential over retail.
Positioned at the edge of downtown New Rochelle’s rapidly expanding development district, the site benefits from increasing residential density, foot traffic, and demand for neighborhood retail, grocery, and service businesses. Numerous new mixed-use residential developments nearby continue to drive demand for ground-floor retail and local amenities.
The location offers strong visibility along Main Street, excellent walkability, and convenient access to major transportation routes and the New Rochelle Metro-North station, providing direct connectivity to New York City and the broader Westchester market.
This property is ideal for retail owner-occupants, grocery store operators, neighborhood retail businesses, investors, or developers seeking a mixed-use redevelopment opportunity in downtown New Rochelle.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,458 SF
Building Class
C
Year Built
1970
Price
$2,495,000
Price Per SF
$334.54
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
NB with DO-3, Gateway - NB district with DO-3 Gateway Overlay allowing mixed-use development up to 6 stories.
Frontage
145’ on Main St
Walk Score®
Walker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1000-000-002-00439-000-0030 | Improvements Assessment | $7,750 |
| Land Assessment | $29,750 | Total Assessment | $37,500 |
Property Taxes
Parcel Number
1000-000-002-00439-000-0030
Land Assessment
$29,750
Improvements Assessment
$7,750
Total Assessment
$37,500
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659 Main St
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