700 Main St - Development Opportunity-Downtown New Rochelle 0.94 Acres of Commercial Land Offered at $4,500,000 in New Rochelle, NY 10801

• Broad uses for the property, including: (i) business and professional offices, (ii) retail and personal services, (iii) banks, (iv) restaurants, (v) health clubs, and (vi) dwelling units located above retail • Max building height is 40 feet, with a permitted floor area ratio of 2.0 • Located in highly trafficked area, directly off I-95, minutes from New York City and some of the most affluent towns in Westchester County, walk to New Rochelle's Metro North Train station for short train ride to Grand Central Terminal • Located right outside the “Overlay Zone,” where the city of New Rochelle relaxed zoning requirements a few years ago leading to extensive development • Since 2015 thousands of units have been developed in downtown New Rochelle, representing billions of value. A list of these developments can be found at http://www.101010nr.com/maps/index.asp • Construction of new LINC park, dubbed Westchester's highline, will continue to increase New Rochelle's prominence. https://www.newrochelleny.com/DocumentCenter/View/17156/220526_LINC-Presentation_City-Council_v8 • The property is located in an opportunity zone (https://esd.ny.gov/opportunity-zones), which may have potential tax benefits for a buyer’s project • 13,647 square foot building on the property with 100 parking spaces, two full-sized industrial kitchens, and new tables, chairs, and place setting for at least 500 people • Building Features: Ground Floor: Two catering rooms, kitchen and two bathrooms Second Floor: Two catering rooms, kitchen and two bathrooms Basement: Storage, laundry, bridal suite, bathroom and refrigeration