Commercial Land in Yonkers, New York, offers a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 210,000, Yonkers provides a diverse range of investment options, from retail and office spaces to industrial and recreational areas. Commercial Land in Yonkers can represent a variety of investments, including retail centers, office buildings, and industrial parks, making it an attractive option for investors seeking to diversify their portfolios. The city's strategic location, with easy access to major transportation hubs, including the Metro-North Railroad and the New York State Thruway, makes it an ideal place for businesses to operate. Additionally, Yonkers is home to several institutions, such as Westchester Community College and Saint Vladimir's Orthodox Theological Seminary, which contribute to the city's economic growth. The city's geography, with its hills and waterfront areas, also provides a unique opportunity for developers to create innovative and attractive projects.
Yonkers, with its rich history and diverse economy, offers a range of opportunities for Commercial Land investors. Currently, there are 11 Commercial Land listings available in Yonkers, with an average price per square foot of $1,687 USD and an average size of 830 square feet. The largest available property is 830 square feet. With an average cap rate of , Commercial Land in Yonkers presents a compelling investment opportunity. In addition to Commercial Land, Yonkers also offers other property types, such as Office Space, Retail Space, and Industrial Space, each with its own unique characteristics and investment potential. The city's attractions, including Tibbetts Brook Park, Untermyer Park and Gardens, and the Hudson River Museum, make it an attractive place to live and work, further enhancing the value of Commercial Land investments.
What are common commercial uses for land in the Yonkers market?
In the Yonkers market, common commercial uses for land include retail spaces, office buildings, and industrial facilities, which cater to the city's diverse economy and provide opportunities for businesses to establish themselves in the area. With 11 available listings of commercial land, investors and developers can find suitable properties to build or renovate, taking advantage of the city's strategic location and access to major transportation hubs.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Yonkers, there are several common ways to do so. For instance, investors can buy land directly from property owners, work with real estate agents or brokers, or purchase land at auction, and it's essential to understand the process, which is outlined in our article on how to buy land, to ensure a successful transaction.
