Prime Mixed-Use Property in the Heart of New Rochelle (10801)Just a 5-minute walk to downtown and the train station, this well-located mixed-use building offers strong rental potential and long-term value.Property Features:Ground floor: Approx. 2,800 sq ft restaurant space currently operating as a Cocina Mexicana & Tequila Bar, with seating approved for 84 guests and a 14-seat bar. The spacious layout is also ideal for hosting events.Second floor: Two residential units - one 1-bedroom apartment and one 2-bedroom apartment.Current Lease Details:Restaurant: $3,311/month. Tenants cover 50% of any property tax increase over the 2021 base year. Rent is below market rate due to a $200,000 renovation investment by the restaurant owner in 2021. Lease term runs through 2029.1-Bedroom Apartment: $1,500/month2-Bedroom Apartment: $2,050/monthAdditional Notes:All units have separate utility meters. Tenants are responsible for their own heating and electricity.
Listing By
Agency Name: Realmart Realty LLC
Agency Phone: 888-362-6543
Shown By
Agent Name: TEAM Ken and Alice
Agent Phone: (516) 315-8403
Agency Title: Howard Hanna | Coach Realtors
94 Union Avenue | MLS# 980066
This commercial property located at 94 Union Avenue , New Rochelle, NY 10801 is currently listed for sale with an asking price of $1,149,000. Search New Rochelle real estate on www.kenandalice.com today.