137-145 5th Avenue, Pelham, NY 10801

Marcus & Millichap is pleased to exclusively represent the sale of 137-145 5th Avenue, a mid block retail strip which sits in the B-1 (business) zoning designation, and the contiguous lot (currently parking) located at 97 4th Avenue, a mid block property which sits in the Res-M (residential) zoning district. The two contiguous properties present a variety of opportunities due to their location. The opportunities for an investor are as follows: lease up the retail property to bring it up to market rents; redevelop the property into a one or two tenant net leased retail property with parking to maximize its value; develop a new transportation oriented development (TOD) structure on the property with street front retail, and residential above. Located within the award-winning Pelham School District and just a few blocks from the Metro-North station, the property, if developed, would afford an excellent opportunity for families re-locating from both Manhattan and other areas.