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542 Main St
New Rochelle, NY 10801

Office Property For Sale

Investment Highlights

  • Potential re-development opportunity
  • Conversion to Apt/Loft Renderings available
  • Ownership open to sale-leaseback
  • In the heart of Downtown New Rochelle

Executive Summary

The Stone Commercial Team at Houlihan Lawrence is pleased to present an exceptional opportunity for investors and business owners seeking a prime commercial property in the heart of New Rochelle, NY. Located at 542 Main Street, this impressive building offers an ideal location and a multitude of possibilities. With its strategic position, versatile space, and development opportunities, this property is sure to capture the attention of discerning buyers.
Key Features:
Prime Location: Situated on Main Street, one of New Rochelle's most vibrant and sought-after commercial areas, this property benefits from high visibility and heavy foot traffic. It enjoys excellent connectivity to major transportation routes and is easily accessible for both customers and employees.
Versatile Space: Spanning over 22,000 square feet, the building provides abundant space suitable for a wide range of businesses. Whether you're considering a retail store, restaurant, office space, this property offers the flexibility to accommodate requirements.
Development Opportunities: The property presents an exciting array of development opportunities. With the changing dynamics of the New Rochelle landscape, the property is located in the DO-2 overlay zone, allowing the conversion to a multitude of uses including residential housing, artist live/work lofts, or hotel.
Thriving Business Environment: New Rochelle has established itself as a bustling commercial hub, attracting a diverse range of businesses. The area benefits from a strong local economy, a supportive business community, and a growing population, providing a solid customer base for any business venture.
Disclaimer: All information provided is deemed reliable but not guaranteed and should be independently verified.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
22,884 SF
Building Class
B
Year Built
1929
Price
$4,200,000
Price Per SF
$184
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,044 SF
Slab To Slab
8’
Building FAR
2.77
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
DB - DB: Downtown Business Overlay Zone: DO-2

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1000-000-002-00413-000-0019
Land Assessment
$39,050
Improvements Assessment
$9,750
Total Assessment
$48,800
  • Listing ID: 29035275

  • Date on Market: 7/18/2023

  • Last Updated:

  • Address: 542 Main St, New Rochelle, NY 10801

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