Balducci's Plaza

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Listing was updated on: 11/08/2021

1 Palmer Ave, Scarsdale, NY 10583, USA

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.​

• Parking 87 Spaces
• Additional URL marcusmillichap.com
• Space 1 Choice Pet
• Space 2 William Raveis Real Estate
• Space 3 Scarsdale Smiles Dental
• Space 4 GlamDerm