541 Main St

An exceptional opportunity to establish your business or bring your development vision to life in the thriving heart of Downtown New Rochelle! This three-story building, complete with a mezzanine and soaring ceilings, offers incredible versatility for a range of uses—whether it's a restaurant, event venue, retail space, residential units, art gallery, or studio. Positioned amidst the energy of over 6,500 new households in the area, the property is ideally suited for investors looking to add significant value. Just steps away from the Metro-North Train station, this property has been under long-term ownership and is currently occupied by a curtain store but will be delivered vacant.
The main floor is 4,000 SF which would command $35/SF (In addition, there is a basement storage area of 3,374 SF that comes with this floor). The second floor is 2,336 SF and can command $15/SF. The third floor and Mezz floors combined another 4,279 SF and could command $7/SF. These are conservative assumptions in as-is conditions where the actual numbers could be upwards of the assumptions. Under these assumptions, there is 8.5 CAP on the deal in as-is condition. The motivated seller is serious about making a deal—schedule a walkthrough today!