108-114 East Prospect Ave, Mt Vernon NY

The two-building mixed-use development portfolio is located within the Transit-Oriented Development (TOD) District and offers long-term redevelopment potential.

 

Property Highlights:

 

• Ideal for multifamily developers, mixed-use redevelopment, long-Term hold investors, retail investors, and opportunity zone/value-add investors (if applicable)
• Redevelopment Potential: Located within the Mount Vernon East TOD District, allowing for higher-density mixed-use redevelopment adjacent to Metro-North rail service.
• Area identified by the City of Mount Vernon Downtown Vision Report for the highest-density mixed-use redevelopment, with conceptual building heights of up to 21 stories, subject to zoning approvals.

 

Property Details:

 

• 13,088 SF Combined Building Area
•  6,058 SF Combined Land Area
• Existing Multi-Tenant Retail & Residential Income
• Two Adjacent Buildings Offered as a Portfolio
• Two-Minute Walk to Mount Vernon East Metro-North Station
• Convenient 30-Minute Commute to Grand Central Terminal
• Excellent Redevelopment or Value-Add Opportunity

Property Type: Retail

For For Sale

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For more information, contact angel@rakowgroup.com, gino@rakowgroup.com, david@rakowgroup.com

 

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