595 Warburton Ave

Positioned in the heart of the highly sought-after Rivertowns market of Westchester County, 595 Warburton Avenue presents a rare opportunity to acquire a ±29,506 square foot commercial building with strong in-place functionality, exceptional flexibility, and long-term upside in one of the most supply-constrained suburban markets surrounding New York City. Situated on approximately ±0.33 acres spanning three tax parcels, the property occupies a strategic downtown location with frontage along both Warburton Avenue and Maple Avenue, offering excellent accessibility, visibility, and proximity to the Hastings-on-Hudson Metro-North train station, the Hudson River waterfront, and the surrounding affluent residential neighborhoods.

The property is currently configured as a retail and automotive facility and consists of a semi-attached two-story masonry and steel structure containing approximately ±29,506 square feet of gross building area, including a fully functional lower level with drive-out access. Originally constructed circa 1910, the building has been maintained in average overall condition with no significant deferred maintenance noted during the appraisal inspection. The asset features multiple drive-in doors, including one oversized overhead door with approximately 14-foot clear height and additional 10-foot clear overhead doors, making the building exceptionally versatile for a wide range of commercial and industrial applications.

The current layout includes retail frontage, office space, automotive service areas, storage, and a unique ramp system connecting multiple levels of the building, creating functionality rarely found within downtown Westchester locations. The second floor is currently utilized for storage and vehicle-related operations, while the lower level provides additional repair and warehouse capability. The property also benefits from approximately 15 on-site parking spaces along with a separately deeded parking lot located directly across the street on Villard Avenue.

From an investment standpoint, the highest and best use of the property is as a stabilized income-producing commercial asset requiring minimal capital expenditure to achieve strong cash flow. Based on a projected blended lease rate of approximately $18.00 per square foot modified gross, the building has the ability to generate in excess of $531,000 in annual gross income. After accounting for real estate taxes of approximately $60,223 and standard landlord obligations associated with a modified gross structure, the property is projected to support a stabilized net operating income in the range of approximately $415,000 to $420,000 annually. This positions the asset as a compelling cap rate investment in a market where functional commercial inventory remains extremely limited. Unlike many redevelopment opportunities requiring extensive construction, entitlement work, or tenant displacement, this property offers immediate usability and income generation with significantly reduced execution risk.