140 Terrace Ave, Port Chester, NY 10573
- Beds
- 6
- Baths
- 3
- Sqft
- 3,744
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Overview
Prime Mixed-Use Investment Opportunity in the Heart of Port Chester
This well-located mixed-use building only 5 minutes away from Greenwich, CT. features two fully occupied residential units generating strong, consistent rental income, with current rents below market value—providing immediate upside potential through future increases.
The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users.
Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth—by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment.
The commercial space features a large open floor plan, kitchen, and half bath—ideal for events or easily adaptable for a wide range of uses, including professional office, medical space, wellness space etc. subject to approvals.
With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 6
- Number of bathrooms
- 3
- Square feet
- 3,744
- Lot size (acres)
- 0.04
- Year built
- 1900
Interior features
- Basement
- Yes, Finished
- Laundry
- Common Area
Utilities
- Heating
- Natural Gas
- Cooling
- Central Air, Wall/window unit(s)
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2024)
- $18,819.82
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Onekey MLS MLS®#: 1001580 Last checked: …

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