New Rochelle, New York, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a diverse range of industries, including healthcare, transportation, and entertainment, New Rochelle is an attractive location for businesses looking to establish a presence in the region. Retail Properties in New Rochelle offer a range of investment opportunities, from small, independent shops to larger, more established retail centers. These properties can provide a steady stream of income through rental agreements, making them an attractive option for investors looking to diversify their portfolios. New Rochelle's prime location, situated just 2 miles north of the New York City border, makes it an ideal location for businesses looking to tap into the city's vast consumer market. The city's infrastructure, including Interstate 95 and the Hutchinson River Parkway, provides easy access to major transportation hubs, making it an attractive location for retailers. Additionally, New Rochelle is home to several educational institutions, including Iona College and The College of New Rochelle, which provide a steady stream of customers for local businesses. The city's diverse neighborhoods, such as Bayberry and Quaker Ridge, offer a range of amenities, including parks,restaurants, and entertainment venues, making it an attractive location for both businesses and residents.
Currently, there are 10 Retail Properties available for sale in New Rochelle, offering a range of investment opportunities. The average price per square foot for these properties is $317 USD, with an average size of 9,987 square feet. The largest property available is 21,993 square feet. In addition to Retail Properties, New Rochelle also offers a range of other commercial properties, including Shopping Centers, which provide a range of retail and dining options for residents and visitors. Restaurants, which offer a diverse range of cuisines, from fine dining to casual eateries. Office Properties, which provide a range of spaces for businesses, from small startups to larger corporations. Hotels, which offer a range of accommodations for visitors, from budget-friendly options to luxury resorts. With its diverse range of commercial properties, New Rochelle offers a unique opportunity for investors to capitalize on the city's growing retail market.
What is the average cap rate for retail properties in New Rochelle?
For investors seeking retail properties in New Rochelle, it's essential to understand the average cap rate, which stands at 5.08%. To put this into perspective, a cap rate represents the rate of return on an investment based on its net operating income and current market value, and you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In New Rochelle, location plays a significant role in determining retail property values, with properties situated near major transportation hubs like Interstate 95 and the Hutchinson River Parkway, as well as those in close proximity to popular attractions like New Roc City, tend to command higher prices due to increased foot traffic and visibility.
Additionally, retail properties in areas with high foot traffic, such as downtown New Rochelle or along busy commercial corridors like Boston Post Road, are likely to have higher values compared to those in less trafficked areas, as they offer greater opportunities for businesses to attract customers and generate revenue, ultimately driving up property values.
