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Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 1,349,000

Est. payment -/mo

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994 McClean AVE Yonkers, NY 10704

1,742 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1039239

Rental Info No

Year Built 1927

Annual Tax Amount $12,200

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Mixed Use

Source onekey2

Property Description

994 McLean Avenue presents a rare opportunity to acquire a fully occupied, capital-improved mixed-use building on one of southeast Yonkers' most heavily trafficked retail corridors, with immediate owner-user optionality and a clear path to increased market rents.

The ground-floor commercial storefront was taken down to the studs about eight years ago and rebuilt with a new storefront, updated plumbing, updated electrical, updated sewer lines, forced-air heating, and central air conditioning. The current occupant has no written lease and operates month-to-month, giving a purchaser complete flexibility to occupy the space directly after closing, or reset the rent to market. In a submarket where quality storefront inventory rarely trades, that optionality carries real weight.

Two residential apartments round out the rent roll. The rear ground floor residence pairs a bright living room and kitchen with a private bedroom and bath, opening through a rear door to an (optional) paver backyard, an amenity almost never found at this price point along McLean Avenue.

The top-floor residence is the larger of the two, with a front living room, separate eat-in kitchen, hardwood floors, and a central hallway serving the three bedrooms and one full bath. Both units run high-efficiency electric baseboard heat with individual room thermostats, and tenants pay all utilities.

Gross operating expenses of $17,200 are offset by $5,160 in commercial tenant reimbursement, leaving net owner expenses of $12,040 against $85,800 in gross under-market rental income. With windows, the roof, mechanicals, and the hot water heater recently addressed, near-term capital exposure is limited.

What really sells this property is its location. McLean Avenue delivers consistent day-and-night foot traffic and a dense surrounding residential and commercial base. This area is home to 10 late-night bars and restaurants, thus creating a 24-hour business opportunity in the storefront. The Nereid Avenue subway is approximately 0.6 miles away, Metro-North is 0.7 miles away, and the site offers direct access to the Major Deegan Expressway and Bronx River Parkway. The building has public water and sewer service.

Rent roll, lease, and expense details are available after e-signing the non-disclosure agreement. All square footage is based on digital measurements; the buyer and buyer's agent must verify independently. Photos have been virtually enhanced for optimized furniture layout.

Location

State NY

County Westchester County

Rooms

Basement Storage Space

Interior

Heating Baseboard

Cooling Central Air, Wall/Window Unit(s)

Flooring Hardwood, Tile, Vinyl

Fireplace No

Appliance Gas Range, Refrigerator

Exterior

Parking Features None

Fence Back Yard, Full, Wood

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Lot Description Back Yard, Near Public Transit, Private

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Yonkers (School Choice)

Middle Schools Yonkers (School Choice)

High Schools Yonkers

School District Yonkers

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by eRealty Advisors, Inc • John C. Pisa

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

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