MLS#1042420
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLNew Rochelle
Property Description
345 North Avenue presents an attractive mixed-use retail investment opportunity in the heart of Downtown New Rochelle, combining existing rental income with significant leasing and long-term redevelopment potential.The property consists of approximately 5,264 SF of building area, including approximately 4,500 SF of gross leasable area, situated on a 0.17-acre (7,405 SF) lot. The one-story masonry building is configured for multiple commercial occupants and is currently generating approximately $180,000 in annual rental income, with one storefront currently vacant, providing an immediate opportunity for a new owner to increase occupancy and rental revenue.Located along North Avenue, the property benefits from Downtown Business (DB/C-2) zoning, offering investors flexibility and potential for future repositioning or redevelopment. Its central downtown location places the property within an area experiencing continued growth and revitalization.The property is also exceptionally well positioned for transportation, located just 0.3 miles from the New Rochelle Metro-North Station, providing convenient access to New York City and the surrounding Westchester market.With established in-place income, a value-add opportunity through the vacant storefront, flexible downtown zoning, and a highly accessible New Rochelle location, 345 North Avenue offers investors a compelling combination of current cash flow and future upside.
Property Features
Property Type: Commercial - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.17 Acres
Taxes: $34,379
Feature Descriptions
Building Area Total: 5264
Business Type: Mixed
Exterior: Other
On Market Date: 2026-08-24
Parcel Number: 1000-000-003-00802-000-0011
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected, See Remarks, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: New Rochelle
Listed By / Shown By
Listing By
Agency Name: Link NY Realty
Agency Contact: 646-827-2256
Shown By
Agent Name: Veronica Riccardulli
Agent Phone: (516) 322-0618 Cell
Agency Title: Coldwell Banker Choice Properties
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345 North Avenue | MLS# 1042420
This commercial property located at 345 North Avenue , New Rochelle, NY 10801 is currently listed for sale with an asking price of $2,850,000. North Avenue is located within the New Rochelle school district. Search New Rochelle real estate on www.hudsonvalleyhomesny.com today.