Price Reduced 37.50%

$500,000

Pending

Est. Mortgage $2,430/mo *

Quick Pre-Approval

Price History

$800,000
8/12/2024

$500,000
8/23/2024


516 Pelham Road, New Rochelle, NY, 10805

516 Pelham Road, New Rochelle, NY, 10805

This 0.16 acre former gas station has lost its commercial zoning privilege and reverts back to multi-family zone. In its current state, the garage would have to be removed so possible townhomes can be built. There is also a 0.05 acre lot behind the garage on the Drake Avenue side that is included in the sale making the total size of the property 0.21 acres. There is no guarantee for how many can be built but we believe that a minimum of two or possibly three townhomes can be built. As stated, this was a former gas station and there may be some contamination remaining to be resolved. There are two townhome developments on two of the three corners of Pelham Road and Drake Avenue. Please contact us today for any further information.


Status:

Pending

Type:

Lot / Acreage

Zoning:

Other

Acreage:

0.21

Est. Taxes:

$16,850

Assessment

$13,000

Utilities

Electric Available

Lot Description:

Level

Elementary School:

Jefferson School

Middle School:

Isaac E Young Middle School

High School:

New Rochelle High School

School District:

New Rochelle

Days on Market:

36

MLS #:

H6322311


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Century 21 Marciano 914 2354996