140 Terrace Avenue, Port Chester, NY 10573
- $797,000
- 6
- BD
- 3
- BA
- List Price
- $797,000
- Price Change
- ▼ $1,000 1785482399
- Days on Market
- 75
- MLS#
- 1001580
- Status
- ACTIVE
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 1924
Property Description
Prime Mixed-Use Investment Opportunity in the Heart of Port Chester This well-located mixed-use building only 5 minutes away from Greenwich, CT. features two fully occupied residential units generating strong, consistent rental income, with current rents below market value—providing immediate upside potential through future increases. The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users. Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth—by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment. The commercial space features a large open floor plan, kitchen, and half bath—ideal for events or easily adaptable for a wide range of uses, including professional office, medical space, wellness space etc. subject to approvals. With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.
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Additional Information
- Year Built
- 1900
- Style
- Colonial
- School District
- Port Chester-Rye
- Elementary School
- Thomas A Edison School
- Middle School
- Port Chester Middle School
- High School
- Port Chester Senior High School
- Taxes Total
- 18819
- Heating
- Natural Gas
- Parking
- None
- Basement
- Finished, Full, Walk-Out Access
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $18,819
Mortgage Calculator
Listing courtesy of Listing Agent: Cosmo Iadanza (getcosmo888@gmail.com) from Listing Office: E Realty International Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.