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For SaleMixed UseMLS KEY1043446

168 E Boston Post Road

Rye Town, NY · Westchester County
Listed by
Spadaro Real Estate, Ltd.
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
2,904 SF
Site
0.03 acres
Price / SF
$413
NOI
$68,148
Year built
1910
Zoning
05
Stories
2

The offering

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.

Building & site

Interest conveyedFee simple
Gross building area2,904 SF
Building typeMixed Use
Property typeMixed Use
Year built1910
Stories2
Land area0.03 acres
Land area, SF1,455 SF
WaterPublic
SewerPublic Sewer
HeatBaseboard
Tax parcel554803154.58-1-6
Usable area2,024 SF
Number of buildings1
Electric utilityCon-Edison
Distance to train0.2 mi

Zoning & permitted uses

District
05

Permitted uses are governed by the Rye Town zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Income & tenancy

Gross income (as reported)
$68,148

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2026 taxes$12,770
Assessed value$463,000
Land assessment$105,300
Full market value$463,000
Owner of recordKapp, Erhardt
School districtRye Neck
Property class481 · Row retail
Floodplain
14% of the parcel lies within the mapped floodplain. Buildable area, insurance and any expansion should be checked against the current FEMA mapping before you rely on it.

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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