470 MAIN St Armonk, NY, 10549
Previous Commercial (CB) Lot approved for 13,500 Sq. Ft. Multi-Family Structure and existing 1,700 Sq. Ft. Retail Structure fronting Main Street. 16 Unit Shovel Ready Apartment/Condo Development. Village Location.
Great development opportunity on .91 Acre site in a prime location. Main Street in Armonk offers several existing shops and business parks. Location is easily accessible from it’s central location. The current site is shovel ready to build a Multi-Family Building planned around an existing 1,700 sq. ft. commercial building. Permits and Plans have been approved to comprise a 13,500 Sq. Ft. structure with five 1-Bedroom, nine 2- Bedroom, and two additional AFFH Units. Attractive and well known location from existing commercial property with beautiful architecture and improvements. Affluent market with one of the highest median incomes in the county. Census Information Median Income: $172,167 Population Trend: 3.74% Growth Rate
The subject property was approved for development of a two story, 13,544± square foot, multi-family apartment/condo structure, comprising of 16 residential units. The unit mix consists of six (6) one-bedroom units and ten (10) two-bedroom units. Full approvals and building permits. As a condition of approvals, two (2) units are reserved for affordable housing and subject to AFFH guidelines. Additionally, the existing retail structure fronting on Main Street is to remain for retail use.