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Commercial in Westchester County
MLS Number5118693
Address1 Fort Hill Avenue, Yonkers, NY 10710-1105 show map
Price$7,000,000 show mortgage calculator
Year Built1995
Est. Sq. Footage8332
Current Uses
Permitted Uses

Rare opportunity to acquire well established and reputable Mont Olympos Diner including the real estate; first time on the market in decades! A dream come true for an aspiring entrepreneurial restaurateur to take over a successful business in a prime location: Central Avenue retail corridor bordering Scarsdale. Situated just outside of NYC. This one plus acre prime property is in BR zone which permits apartment, mixed-use, and retail development. The current diner is just under 10K SF with a cellar (high ceiling) and 110 cars parking lot. The owner will hold the first mortgage with a 30% down with a 30 years amortization schedule at a below-market rate for a qualified buyer. Mortgage payment could be as little as one half of the potential rent based on the current market rent rate. Also, a perfect setting for any national restaurant chains for a high visibility location in a sought after NYC suburb. Ideal site for car dealerships, specialty store, or mixed-use redevelopment.


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