16 Memorial Highway
Retail | 3,018 SqFt
Marketing description
Located in the heart of New Rochelle, 16 Memorial Highway presents an excellent mixed-use investment/ development opportunity featuring a commercial bar space with a residential apartment above. Ideally positioned near downtown New Rochelle, Metro-North transportation, major highways, shopping, dining, and waterfront amenities, this property offers strong income potential and long-term upside in one of Westchester County’s growing markets.
The property includes a well-established commercial layout on the first floor with a spacious 2-bedroom apartment located above the bar, making it attractive for both investors and owner-operators seeking additional rental income or live/work flexibility.
This well-maintained building reflects years of ownership pride and extensive capital improvements, with major mechanicals, systems, and renovations already completed.
Investment highlights
- Mixed-use property with commercial bar space and residential apartment
- Spacious 2-bedroom apartment located above the bar
- Prime commuter-friendly New Rochelle location
- Extensive upgrades and renovations completed throughout the property
- Strong rental and investment potential
- Gas utilities
- Separate heating systems servicing units
- Basement mechanical improvements recently completed
- New plumbing
- Updated electrical systems
- New heating system
- Central air conditioning installation
- Renovated kitchen with updated appliances
- Laundry setup added on the second floor
- Roof replacement completed in 2012
- First-floor commercial/bar space renovation completed by current tenant in 2016
- Air conditioning installed in the commercial space in 2016
- New water heater installed in 2025
- New flue piping completed in 2025
- New boiler installed in 2012 servicing first floor
- New electrical panel for first floor installed in 2012
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
