About 1-3 Drake Avenue & 760-762 Main Street
1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Traffic, Commuter/Shopper Friendly. 1-3 Drake Avenue and 760-762 Main Street, are 2 Stand Alone Buildings on a Single Lot/Deed. In total there are 3 commercial spaces that are currently leased and two 1 bedroom residential units, on month to month basis. 762 Main St (stand alone bldg) 100% re-done in 2013 with new legal use and Rubber Roof included. 760 Main had a New electric heat & AC pump unit installed in 2020, Main St. sidewalk redone in 2023, electrical upgrades and several cosmetic improvements. Zoning: NB/M & NB/B. Wonderful Investment or Development Opportunity, Good Income Producing Property, Gross Income $127,500/year, Total Expenses $36,373/year, Net Operating Income $91,127/year. Some rents below market value. SELLER FINANCING AVAILABLE with 35% Minimum down Payment.
Features of 1-3 Drake Avenue & 760-762 Main Street
| MLS® # | H6307192 |
|---|---|
| Price | $1,595,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1885 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 1-3 Drake Avenue & 760-762 Main Street |
|---|---|
| City | New Rochelle |
| County | Westchester |
| State | NY |
| Zip Code | 10805 |
Additional Information
Listing Details
| Office | Santos Realty Group, LLC |
|---|---|
| Office Contact | 914-939-2390 |