542 Main St

542 Main Street New Rochelle, NY 10801

542 Main Street, New Rochelle, NY, 10801
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$4,200,000
Last Verified:
Mar 04, 2024


Description

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 + 8,000 square foot basement, 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.

22,884 SF office building in downtown New Rochelle.

Downtown New Rochelle Office Building.


Year Built: 1929
Building Size: 22884sq ft
Building Class: B
Lot Size: 0.19 acres


Documents

Listing Brochure
Lease Brochure

Units for Lease

4th Floor Office
Space Available: 4200 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $21.00
Ground Floor Retail
Space Available: 7284 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $23.00

Map of 542 Main Street, New Rochelle, NY, 10801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.