Remarks

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 consists of approximately 1,000 SF, plus a full walk-out basement (880 SF) with the current monthly rent of $3,400. 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 space consists of approximately 880–1,000 SF and features a flexible six-room layout with a full bath/shower at the monthly rent of $2,279. in addition to 1/3 of the utility costs, and 50% of the water charges. The 2nd floor enjoys attractive Mamaroneck Harbor and Long Island Sound views from the front, 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 880 SF bonus space in the basement offers good ceiling height, rear access, and large windows overlooking the Mamaroneck River, provides an unusually bright and appealing lower-level area, together with valuable storage and support space.