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$ 3,450,000
Est. payment | /mo
0.27 Acres Lot
$ 3,450,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY810323
Originating Board onekey2
Rental Info No
Annual Tax Amount $42,098
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Mixed Use
Property Description
Prime Investment, Development Opportunity in the Heart of Piermont. This exceptional property offers an unparalleled chance to create a thriving mixed-use development in one of the Hudson Valley's most coveted locations. With zoning approvals, and a lot area of 14,000sqft, one can envision a stunning three-story building featuring apartments with Hudson River views and ground floor retail spaces, catering to Piermont's vibrant community and visitors. The future residents and tenants will enjoy a premier location, steps from renowned fine dining, art galleries, and the scenic Hudson River boardwalk. 505 Piermont is just 10 minutes from the Tappan Zee Bridge and offers convenient access to New York City via nearby bus routes, with bus stop located in front of the property. The property provides unmatched development prospects, offering investors and developers a rare opportunity to shape the future of Piermont's Main Street. Adding to its value is a 7,000sqft restaurant with immediate income potential while finalizing development plans with Orangetown and Piermont Village Hall. Restaurant business is not included with building purchase but may be available as an option to purchase. Don't miss your chance to transform this prime location into a landmark destination! "WHY PIERMONT" - Piermont is more than a town - it's a destination: Exclusive & Desirable: recognized by the NYT as one of the "best places to live in NY." Piermont real estate values have surged outperforming every other location in Rockland County. Proximity to NYC & NJ: Piermont attracts affluent visitors and residents from NYC and NJ, drawn to its waterfront charm, boutique shops, fine dining and serene yet accessible lifestyle. Demand for Housing: there is a significant shortage of apartment rentals in Piermont and this property's central location offers unparalleled appeal for residents seeking upscale, convenient living. Unparalleled Location: this property is in the heart of Piermont-on-Hudson, just steps from the Hudson River and the bustling downtown area. The town's unique blend of natural beauty and vibrant community makes it a magnet for professionals, families and retirees alike.
The Opportunity: for the right investor, 505 Piermont Ave. presents a once-in-a-lifetime chance to capitalize on Piermont's unique charm and strong market demand. Whether leveraging the existing restaurant's rental income or pursuing a high-end residential development, the possibilities are immense.
The Opportunity: for the right investor, 505 Piermont Ave. presents a once-in-a-lifetime chance to capitalize on Piermont's unique charm and strong market demand. Whether leveraging the existing restaurant's rental income or pursuing a high-end residential development, the possibilities are immense.
Location
State NY
County Rockland County
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Others
Special Listing Condition None
Listed by Ellis Realty Commercial