168 Boston Post Road

Description

Opportunity to acquire a two-story mixed-use commercial property prominently positioned along Boston Post Road (Route 1), directly across from Mamaroneck Harbor and backing to the Mamaroneck River, creating an unusual waterfront-oriented setting for a Route 1 commercial asset. The street-level retail space has been owner-occupied for over 30 years. Ground Floor Retail consists of approximately 1,000 SF, plus a full basement. The owner is prepared to lease back the retail premises at $3,500 per month for up to six months post-closing, at the purchaser’s discretion, providing immediate income and continuity of occupancy. Excellent Route 1 visibility and abundant street parking offer a notable advantage compared with the more congested Mamaroneck Avenue retail corridor. The Second Floor is currently occupied by a long-term tenant providing hair and cosmetic services to clients. The tenant also pays a portion of the utility costs, billed quarterly. The space consists of approximately 880–1,000 SF and features a flexible six-room layout with a full bath and shower. The front enjoys attractive Mamaroneck Harbor and Long Island Sound views, comparable to those enjoyed by residences at The Regatta Condominiums just a few doors away, where units with similar harbor views have commanded rents exceeding $4,000 per month. Unlike The Regatta, however, this space benefits from a unique dual-water orientation, with additional views overlooking the Mamaroneck River from the rear. This exceptional setting enhances the potential for future residential conversion and rental income, subject to all applicable municipal approvals. The Basement consists of approximately 880 SF of bonus space with good ceiling height, rear access, and large windows overlooking the Mamaroneck River, providing an unusually bright and appealing lower-level area, together with valuable storage and support space.

Property Details

Cooling

Central Air

Heating

Baseboard

Basement

Full, See Remarks

Schools