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Shopping Neighborhood

Westchester NY Redevelopment Opportunity

251 E Main St, Elmsford, NY 10523

Listing Price: Request For Offer

Rentable SF
85,000
Lot Size
3.06 acres
Year Built
1999

Investment Overview

The subject property is a freestanding two-story building, with an area of 85,000 square feet, situated on a 76.5-year ground lease in Elmsford, a densely populated city in Westchester County, which is located only 20 miles from New York City. The site provides investors with a rare opportunity to redevelop in an area with increasing population growth, a high number of households, and a lack of available in-fill development space. In recent years, the retail sector has undergone significant disruption due to the rise of e-commerce and changing consumer preferences. This has resulted in tenants utilizing more space as on-site warehouses and return centers. The disruption has caused a reevaluation of space needs, and in some cases, developers have successfully converted former big-box retail spaces into storage spaces. However, the success of big-box redevelopment projects can vary depending on several factors such as the location of the property, the condition of the building, and the needs and preferences of local consumers. This site is influenced by all these factors. This large Bed, Bath & Beyond site offers ample square footage for potential redevelopment, and the local zoning and building regulations on this site support the likelihood of redevelopment. Furthermore, self-storage facilities typically require a low-rise building, which this building has the capability of. These factors make this opportunity attractive to potential investors.

Investment Highlights

  • Redevelopment Opportunity with Expansion Potential
  • Ground Lease with 76 Years Remaining
  • The Ground Lease is Subordinate Allowing for Attractive Financing
  • Well Located in Densely Populated Westchester County
  • Easy Access via I-287 Providing Access to all Towns East to West in Westchester
  • Substantial Parking

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

Shopping Neighborhood

Westchester NY Redevelopment Opportunity

Listing Price: Request For Offer

Rentable SF
85,000
Lot Size
3.06 acres
Year Built
1999

Investment Highlights

  • Redevelopment Opportunity with Expansion Potential
  • Ground Lease with 76 Years Remaining
  • The Ground Lease is Subordinate Allowing for Attractive Financing
  • Well Located in Densely Populated Westchester County
  • Easy Access via I-287 Providing Access to all Towns East to West in Westchester
  • Substantial Parking

Investment Overview

The subject property is a freestanding two-story building, with an area of 85,000 square feet, situated on a 76.5-year ground lease in Elmsford, a densely populated city in Westchester County, which is located only 20 miles from New York City. The site provides investors with a rare opportunity to redevelop in an area with increasing population growth, a high number of households, and a lack of available in-fill development space. In recent years, the retail sector has undergone significant disruption due to the rise of e-commerce and changing consumer preferences. This has resulted in tenants utilizing more space as on-site warehouses and return centers. The disruption has caused a reevaluation of space needs, and in some cases, developers have successfully converted former big-box retail spaces into storage spaces. However, the success of big-box redevelopment projects can vary depending on several factors such as the location of the property, the condition of the building, and the needs and preferences of local consumers. This site is influenced by all these factors. This large Bed, Bath & Beyond site offers ample square footage for potential redevelopment, and the local zoning and building regulations on this site support the likelihood of redevelopment. Furthermore, self-storage facilities typically require a low-rise building, which this building has the capability of. These factors make this opportunity attractive to potential investors.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

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