Property Description
LC Realty and Argus Self Storage Advisors, as the exclusive agents, are pleased to present a premier self-storage development opportunity located at 1270 Saw Mill River Road, Yonkers, NY, in Westchester County.
The offering includes two vacant lots totaling approximately 0.51 acres. Ownership has obtained Zoning Board Approvals for a 6-story, class A climate-controlled self-storage facility comprised of 82,140 Gross Square Feet. Upon completion, the site can yield approximately
60,864 Net Rentable Square Feet, assuming a ±28% loss factor on FLs 2-5. Notably, the design accommodates an existing utility easement requiring a minimum 15-foot clear height on the ground floor, but also contains loading areas, parking, and additional rentable space.
Prospective buyers will be responsible for obtaining Planning Board Approvals, Structural Drawings, and Building Permits, allowing them the flexibility to design the site according to their specific requirements.
Strategically located, the property offers excellent connectivity via I-87S, Saw Mill River Parkway, and Taconic State Parkway. It is set in a densely populated residential area with approximately 387,000 people living within a 5-mile radius and a self-storage market penetration of less than 5 square feet per capita within the same radius.
For further details about this unique investment opportunity, please contact LC Realty
Property Details
Property Name:
Yonkers Self-Storage
Address:
1270 Saw Mill River Road, Yonkers, NY 10710, USA
County:
Westchester
Acreage:
0.51
Gross SF:
82,140
Rentable SF:
60,864
Total Units:
Buildings:
1
Year Built:
N/A
Investment Highlights
Self Storage Development Opportunity
ZB Approvals for a 6-Story Class A Self Storage Facility
82,140 Gross SF | ± 60,864 Net Rentable SF
0.51 Acres
Strong Market Fundamentals 387,000 Population in 5 mi.
Market Average 10 x 10 CC: ±$33.48
Excellent visibility and frontage on Saw Mill River Road
Contact Broker:
Linda Cinelli, CCIM
908-303-8661