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23572596
23572597

149 S 4th Ave, Mount Vernon, NY 10550 For Sale

Lee & Associates - New York
Listed by Lee & Associates - New York
$1,520,000
419 days on market
Updated 8 days ago
Opportunity zone

149-153 South 4th Avenue

Details
APN 165.78 - 3110 - 26
Property Type Retail
Sub Type Storefront
Square Footage 10,518
NOI $207,851
Stories 1
Acreage 0.130
Zoning Downtown Business (DB)
Investment Type Value Add

Retail | 10,518 SqFt

Marketing description

Lee & Associates is pleased to present 149-153 South 4th Avenue, Mount Vernon, NY 10550 to the market. The featured property consists of 10,518 square feet of retail space, with multiple value-add opportunities available.

Zoned DB (Downtown Business), the site offers flexible development pathways to achieve the highest and best use. Located within an Economic Opportunity Zone, the property also qualifies for special tax incentives when improved.

Mount Vernon is undergoing significant revitalization, including new shopping centers, housing developments, and green spaces. The Department of Planning and Community Development is leading efforts to enhance the city’s physical, social, and economic landscape. Its Envision Mount Vernon initiative outlines a 10-year plan focused on inclusive growth and strengthening community identity.

This property offers the flexibility to add value through ground-up development or by upgrading the existing structure to attract new tenants.

Mount Vernon

Listing Contacts

Lee & Associates - New York
Listed by Lee & Associates - New York

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$207,851.00
$17,320.92/mo

Valuation Metrics

0
DSCR
13.67%
Cap Rate
13.67%
ROI

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