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Shopping Neighborhood

Balducci’s Plaza - OFFERS DUE BY 08/27/21

1 Palmer Ave, Scarsdale, NY 10583

Listing Price: Request For Offer

Gross SF
9,181
Rentable SF
9,181
Lot Size
0.32 acres
Year Built
2013

Investment Overview

This prestigious property presents a rare opportunity to acquire a commercial investment property in highly sought after Westchester County. Balducci’s Plaza is a 9,181-square-foot multitenant mixed-use, two-story building located in the prominent Heathcote neighborhood in Scarsdale (Westchester County), New York. Scarsdale is an affluent suburb of New York City. It is the wealthiest town on the East Coast and the second wealthiest in the US for the second year in a row, according to Bloomberg's 2020 "Richest Places" annual index. The growing demographics, exceptional scholastic system, and community underline this highly desirable location. Average household incomes within 1 mile are approximately $300,000, further demonstrating the attractiveness of owning this property. Its close proximity to New York City via MTA Metro North, Bronx River Parkway, Route 22, or the Hutchinson River Parkway also make it a highly desirable location. The subject property is located at "Five Corners" at the signalized intersection of Palmer Avenue/Wilmot Road and Heathcote Road/Weaver Street, and is just a block east of the heavily shopped Golden Horseshoe Shopping Center. The property is 100 percent leased to stable, service-oriented, essential tenants and medical offices. The property includes ample, free parking including an underground parking lot structure with a vestibule and two elevators for employees and customers to access the site. Although the grocery shadow-anchor, Balducci’s Market, is not included in the sale, it draws tremendous traffic and Placer.ai data confirms it is the number one Balducci’s location.

Investment Highlights

  • Rare Opportunity to Own Trophy Real Estate in Prominent Scarsdale Neighborhood
  • Tremendous Traffic and High Visibility
  • Hard Signalized Corner
  • All Tenants Have Aggressive Annual Base Rental Increases
  • 100% Occupied Corner Retail/Office Property Shadow-Anchored by Balducci's Market
  • Ample, Free Parking On Site and Below Ground
  • Heavily Shopped Golden Horseshoe Shopping Center is located Just a Block to the West of the Subject Property
  • Ideal for 1031 Exchange

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, 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

Balducci’s Plaza - OFFERS DUE BY 08/27/21

Listing Price: Request For Offer

Gross SF
9,181
Rentable SF
9,181
Lot Size
0.32 acres
Year Built
2013

Investment Highlights

  • Rare Opportunity to Own Trophy Real Estate in Prominent Scarsdale Neighborhood
  • Tremendous Traffic and High Visibility
  • Hard Signalized Corner
  • All Tenants Have Aggressive Annual Base Rental Increases
  • 100% Occupied Corner Retail/Office Property Shadow-Anchored by Balducci's Market
  • Ample, Free Parking On Site and Below Ground
  • Heavily Shopped Golden Horseshoe Shopping Center is located Just a Block to the West of the Subject Property
  • Ideal for 1031 Exchange

Investment Overview

This prestigious property presents a rare opportunity to acquire a commercial investment property in highly sought after Westchester County. Balducci’s Plaza is a 9,181-square-foot multitenant mixed-use, two-story building located in the prominent Heathcote neighborhood in Scarsdale (Westchester County), New York. Scarsdale is an affluent suburb of New York City. It is the wealthiest town on the East Coast and the second wealthiest in the US for the second year in a row, according to Bloomberg's 2020 "Richest Places" annual index. The growing demographics, exceptional scholastic system, and community underline this highly desirable location. Average household incomes within 1 mile are approximately $300,000, further demonstrating the attractiveness of owning this property. Its close proximity to New York City via MTA Metro North, Bronx River Parkway, Route 22, or the Hutchinson River Parkway also make it a highly desirable location. The subject property is located at "Five Corners" at the signalized intersection of Palmer Avenue/Wilmot Road and Heathcote Road/Weaver Street, and is just a block east of the heavily shopped Golden Horseshoe Shopping Center. The property is 100 percent leased to stable, service-oriented, essential tenants and medical offices. The property includes ample, free parking including an underground parking lot structure with a vestibule and two elevators for employees and customers to access the site. Although the grocery shadow-anchor, Balducci’s Market, is not included in the sale, it draws tremendous traffic and Placer.ai data confirms it is the number one Balducci’s location.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, 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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