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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
Acres0.0000
Year Built1995
Est. Sq. Footage8332
ZoningBR
Current Uses
Permitted Uses
Remarks

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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