542 Main St

Investment Highlights

Potential re-development opportunity Conversion to Apt/Loft Renderings available Ownership open to sale-leaseback In the heart of Downtown New Rochelle

Executive Summary

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, 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.

• Sale Type    Investment or Owner User
• Property Type    Office
• Property Subtype    Office/Residential Office/Residential General Retail Restaurant General Retail Storefront Retail/Residential Office/Residential
• Building Size    22,884
• Building Class    B
• Year Built    1929
• Price    4,200,000
• Price Per SF    184
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    4 Stories
• Typical Floor Size    7,044
• Slab To Slab    8?
• Building FAR    2.77
• Land Acres    0.19 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.