Balducci's Plaza
Commercial real estate listings near Yonkers, NY, USA
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Listing was updated on: 11/08/2021
location icon 1 Palmer Ave, Scarsdale, NY 10583, USA
Retail for Sale
9181.00 sqft
from July 16, 2021

This prestigious property presents a rare opportunity to acquire a commercial investment property in highly sought after Westchester County.​ Balducci’s Plaza is a 9,181-square-foot multitenant mixed-use, two-story building located in the prominent Heathcote neighborhood in Scarsdale (Westchester County), New York.​ Scarsdale is an affluent suburb of New York City.​ It is the wealthiest town on the East Coast and the second wealthiest in the US for the second year in a row, according to Bloomberg’s 2020 “Richest Places” annual index.​ The growing demographics, exceptional scholastic system, and community underline this highly desirable location.​ Average household incomes within 1 mile are approximately $300,000, further demonstrating the attractiveness of owning this property.​ Its close proximity to New York City via MTA Metro North, Bronx River Parkway, Route 22, or the Hutchinson River Parkway also make it a highly desirable location.​

The subject property is located at “Five Corners” at the signalized intersection of Palmer Avenue/Wilmot Road and Heathcote Road/Weaver Street, and is adjacent to the Golden Horseshoe Shopping Center.​ The property is 100 percent leased to stable, service-oriented, essential tenants and medical offices.​ The property includes rear parking and a covered, underground parking lot structure with a vestibule and two elevators for employees and customers to access the site.​ Although the grocery shadow-anchor, Balducci’s, is not included in the sale, it draws tremendous traffic and Placer.​ai data confirms it is the number one Balducci’s location.​

Additional parameters
  • Parking 87 Spaces
  • Additional URL
  • Space 1 Choice Pet
  • Space 2 William Raveis Real Estate
  • Space 3 Scarsdale Smiles Dental
  • Space 4 GlamDerm
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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.