Bankruptcy Auction! Prime Mount Vernon Industrial Site

216 S Terrace Ave, Mt Vernon, NY - 10550

Description
Due Diligence
Terms & Conditions
Inspection

Description

This 32,000±SF prime industrial/commercial parcel sits at border of Mt Vernon, Yonkers and Bronx. Currently, there are two vacant light industrial buildings/warehouse/garages totaling approximately 10,000±SF plus 2,500±SF of office. Flat, clean, secure and wide open with easy access from multiple streets. Perfect for an owner user and well situated for light industrial or other commercial redevelopment. Zoned “I” Industrial with wide range of permitted commercial/industrial uses. Clean environmental. Public Access to all Utilities. Situated in heart of the industrial zone at the South end of Macquesten Parkway, the property is in walking distance to both subway and Metro North stops, as well as Roosevelt Square. Easy access to Bronx River Pkwy, I-87, & I-95. Currently, owners receive $38K± income from outside storage and parking on a small portion of the parcel. Pending development, new owner can potentially earn $90K± of income on an interim basis if fully leased just by keeping it unimproved/undeveloped.

Sale being conducted pursuant to an Order of the United States Bankruptcy Court Southern District of New York, In re: JO-LIN Realty, Case No. 12-22201.