Development opportunity in downtown New Rochelle. This 0.695 acre parcel is conveniently located in the DO-3 Gateway Transition district just 10 blocks from the Metro North railroad station. There is 200 linear feet of frontage and rear access to the property for parking. The current structure houses medical office space but in our opinion has exceeded its useful life even though the building has a current rent roll of over $318,000 and a pro-forma rent roll of over $350,000. The current DO-3 zoning allows for 8 stories plus up to 4 additional stories utilizing the New Rochelle Community benefits program. The total buildable square footage as per the New Rochelle developers guide. This includes approximately 265,000 square feet or approximately 225 unite for living and storefront space as well as 65,000 square feet for garage parking. This site is also located just one block south of a 28 story development that is currently being built. Be part of the $4 Billion currently being invested in New Rochelle and help shape the future skyline and vision of the city.