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$3,450,000

Est. payment - /mo

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0.27 Acres Lot

Active

505 Piermont AVE Piermont, NY 10968

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY810323

Originating Board onekey2

Rental Info No

Annual Tax Amount $42,098

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type Mixed Use

Property Description

Prime Investment, Development Opportunity in the Heart of Piermont. This exceptional property offers an unparalleled chance to create a thriving mixed-use development in one of the Hudson Valley's most coveted locations. With zoning approvals, and a lot area of 14,000sqft, one can envision a stunning three-story building featuring apartments with Hudson River views and ground floor retail spaces, catering to Piermont's vibrant community and visitors. The future residents and tenants will enjoy a premier location, steps from renowned fine dining, art galleries, and the scenic Hudson River boardwalk. 505 Piermont is just 10 minutes from the Tappan Zee Bridge and offers convenient access to New York City via nearby bus routes, with bus stop located in front of the property. The property provides unmatched development prospects, offering investors and developers a rare opportunity to shape the future of Piermont's Main Street. Adding to its value is a 7,000sqft restaurant with immediate income potential while finalizing development plans with Orangetown and Piermont Village Hall. Restaurant business is not included with building purchase but may be available as an option to purchase. Don't miss your chance to transform this prime location into a landmark destination! "WHY PIERMONT" - Piermont is more than a town - it's a destination: Exclusive & Desirable: recognized by the NYT as one of the "best places to live in NY." Piermont real estate values have surged outperforming every other location in Rockland County. Proximity to NYC & NJ: Piermont attracts affluent visitors and residents from NYC and NJ, drawn to its waterfront charm, boutique shops, fine dining and serene yet accessible lifestyle. Demand for Housing: there is a significant shortage of apartment rentals in Piermont and this property's central location offers unparalleled appeal for residents seeking upscale, convenient living. Unparalleled Location: this property is in the heart of Piermont-on-Hudson, just steps from the Hudson River and the bustling downtown area. The town's unique blend of natural beauty and vibrant community makes it a magnet for professionals, families and retirees alike.
The Opportunity: for the right investor, 505 Piermont Ave. presents a once-in-a-lifetime chance to capitalize on Piermont's unique charm and strong market demand. Whether leveraging the existing restaurant's rental income or pursuing a high-end residential development, the possibilities are immense.

Location

State NY

County Rockland County

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Stucco

Others

Special Listing Condition None

Listed by Ellis Realty Commercial

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States