395-397 E 3rd Street | Mount Vernon Mount Vernon
10,000+ sq. ft. 2 story brick corner mixed use property located at East 3rd St. & S. Columbus (Rt. 22). 6 ground fl. commercial spaces with 4 spacious residential units on the 2nd fl., & a large basement. 8.9% CAP RATE. The retail stores include a barber shop, salon, deli, restaurant (2 fronts) and an office. The office will be vacant at closing. The 4 residential units consists of 2 3BR/1B and 2 2BR/1Bath units. 1 3BR and 1 2BR are vacant presently and available to show. They were recently renovated with new kitchens including stainless steel appliances & wood cabinets. The renovated bathrooms include new vanities and marble tiles shower walls. All commercial (modified gross) and residential units have their own gas and electric meters. The residential water expense is paid by the landlord while commercial tenants pay an additional $100 or $125 monthly. Property video, lease summary & P&L preform available. Building analysis under current. Zoning analysis and rent roll attached. OneKeyMLS H6289848
Directions to property: Located at the corner of East Third Street and S. Columbus Avenue (Rt. 22) ib Mt. Vernon. Short distance the Hutchinson River Parkway and both Metro-North Stations located at Fleetwood and Mount Vernon West.
