About 94 Union Avenue
Prime Mixed-Use Property in the Heart of New Rochelle (10801) Just a 5-minute walk to downtown and the train station, this well-located mixed-use building offers strong rental potential and long-term value. Property Features: Ground floor: Approx. 2,800 sq ft restaurant space currently operating as a Cocina Mexicana & Tequila Bar, with seating approved for 84 guests and a 14-seat bar. The spacious layout is also ideal for hosting events. Second floor: Two residential units — one 1-bedroom apartment and one 2-bedroom apartment. Current Lease Details: Restaurant: $3,311/month. Tenants cover 50% of any property tax increase over the 2021 base year. Rent is below market rate due to a $200,000 renovation investment by the restaurant owner in 2021. Lease term runs through 2029. 1-Bedroom Apartment: $1,500/month 2-Bedroom Apartment: $2,050/month Additional Notes: All units have separate utility meters. Tenants are responsible for their own heating and electricity.
Features of 94 Union Avenue
| MLS® # | 897062 |
|---|---|
| Price | $999,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,600 |
| Acres | 0.09 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 94 Union Avenue |
|---|---|
| City | New Rochelle |
| County | Westchester County |
| State | NY |
| Zip Code | 10801 |
Additional Information
Listing Details
| Office | Realmart Realty LLC |
|---|