Yonkers, a city in Westchester County, New York, offers a unique opportunity for investors to tap into the retail market with its 24 available Retail Properties For Sale. As a prime location for businesses, Yonkers provides an attractive environment for retailers, with its diverse population of approximately 210,000 residents and a strong presence of educational institutions like Sarah Lawrence College, Westchester Community College, and Saint Vladimir's Orthodox Theological Seminary. The city's infrastructure, including the Yonkers Public Schools system, Westchester Community College, and the Yonkers Public Library branches, supports a strong workforce and consumer base. Additionally, Yonkers' geography, with its hills and water bodies like the Bronx River and the Hudson River, contributes to its unique character, making it an attractive location for businesses and residents alike. The city's attractions, such as Tibbetts Brook Park, Untermyer Park and Gardens, and the Hudson River Museum, also enhance its appeal as a retail destination.
Yonkers' Retail Properties For Sale offer a range of investment opportunities, from small storefronts to larger commercial spaces. With an average price per square foot of $417 USD and an average size of 11,247 square feet, these properties provide a solid foundation for businesses looking to establish a presence in the area. The city's transportation infrastructure, including three commuter railroad lines and five parkways and thruways, ensures convenient connections to Manhattan and other major areas in the region. In addition to Retail Properties, Yonkers also offers other property types, such as Shopping Centers, Restaurants, Office Properties, and Hotels, each with its own unique characteristics and investment potential. For example, Shopping Centers in Yonkers offer a range of retail spaces, while Restaurants provide opportunities for food service establishments. Office Properties in Yonkers cater to the city's growing business sector, and Hotels offer accommodations for visitors and business travelers. Overall, Yonkers' Retail Properties For Sale present a compelling investment opportunity for those looking to tap into the city's growing economy and diverse consumer base.
What is the average cap rate for retail properties in Yonkers?
When it comes to retail properties in Yonkers, investors can expect an average cap rate of 8.01%, which is a key metric to consider when evaluating potential investments. To learn more about how cap rates work and what they can tell you about a property's potential, check out our article on what is a cap rate, which provides an in-depth explanation of this important concept.
How do location and foot traffic affect retail property values?
In Yonkers, a city with a population of around 210,000, the location and foot traffic of a retail property significantly impact its value. For instance, retail properties situated in high-traffic areas like Getty Square, with its proximity to the Hudson River and access to major transportation hubs, tend to command higher prices, with an average price per square foot of $417 USD and an average size of 11,247 square feet, compared to those in less trafficked areas.
