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- LoopNet Team
25 Minerva Pl
White Plains, NY 10601
Land For Sale · 0.20 AC
Investment Highlights
- Steps away from down town White Plains, I-287 and Westchester Mall.
- A short drive to Bronx River Parkway and White Plains Train Station
- Permitted use for multi-family apartment building
PROPERTY FACTS
Description
8 to 16 unit apartment building opportunity for investors and developers/builders! 8,526 SF lot currently leased to City of White Plains (short term) and is used as a paved municipal parking lot. An additional 3,709 SF lot at 25 Minerva Place (29 X 125) is included in the price! RM-1 zone! permitted use includes multi-family apartment building! A minimum of 16 residential apartments could be built on the site as a permitted use. Adding 25 Minerva Pl lot into the mix would make a case for a variance seeking additional 4 units! 3 stories could be built as of right. Minerva lot could help yield additional buildable SF if thrown in for parking. Lots could also be sold separately. Owners will take back the 1st mortgage with 30% down. Serious seller; priced to sell. S Kensico is currently being used as a parking lot by the city; generating $15K NNN. The second lot on 15 Minerva Place is also level and undeveloped.
PROPERTY TAXES
| Parcel Number | 1700-126-053-00006-000-0018 | Improvements Assessment | $0 |
| Land Assessment | $8,625 | Total Assessment | $8,625 |
PROPERTY TAXES
zoning
| Zoning Code | RM-1 |
| RM-1 |
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