292 FIFTH AVE, NEW ROCHELLE, NY 10801-2046 For Sale

Rare Commercial Opportunity with Adjacent Development Parcel

The Agency Commercial Division is pleased to present an exceptionally rare opportunity to acquire a two-parcel assemblage totaling approximately 8,495 square feet in the highly desirable Congress Park neighborhood of New Rochelle, New York.

The offering consists of a commercial building at 292 Fifth Avenue together with an adjacent vacant residential lot, creating a unique investment, owner-user, and long-term redevelopment opportunity in one of Westchester County's fastest-growing markets.

The existing approximately 1,100-square-foot building is currently owner-occupied by a long-established carpet cleaning business and benefits from a highly valuable pre-existing non-conforming commercial use within an R-2 Residential zoning district. Opportunities of this nature are extraordinarily limited, as current zoning no longer permits new commercial construction within the neighborhood. This grandfathered commercial designation represents an irreplaceable asset that transfers with ownership, subject to applicable municipal regulations.

For owner-users, the property provides the opportunity to own rather than lease commercial space while benefiting from an established commercial entitlement that is increasingly difficult to replicate. Ideal occupants include contractors, HVAC companies, electricians, plumbers, flooring companies, restoration businesses, cleaning services, landscaping companies, specialty trades, light service businesses, and numerous other professional operators seeking a strategic Westchester location.

The adjacent 5,861-square-foot vacant parcel provides additional flexibility rarely found with properties of this size. The parcel may offer opportunities for residential development, additional parking, outdoor storage, expansion potential, or future value appreciation, subject to municipal approvals and zoning requirements.

Located just minutes from Downtown New Rochelle, Metro-North Railroad, Interstate 95, the Hutchinson River Parkway, and the Cross County Parkway, the property offers excellent accessibility throughout Westchester County, New York City, and Southern Connecticut. New Rochelle continues to experience significant public and private investment, with billions of dollars committed to new residential, commercial, and mixed-use development, further strengthening long-term demand throughout the market.

Whether purchased as an investment, headquarters location, contractor facility, or long-term land play, this offering presents a compelling combination of existing commercial utility, future development potential, and scarce zoning characteristics that are seldom available within established residential neighborhoods.