4,995 SF Retail Building For Sale

Highlights:

• 3-story building in the heart of Downtown Hastings-on-Hudson
• Rare front and back storefront space
• High visibility on both avenue and plaza sides for two retail tenants
• 'Top tier' hastings residents earn more than twice the NY State Avg. Median HH income

Description:

THE OPPORTUNITY TABLE OF CONTENTS
This well-located property plays a crucial role for those who live in the local community of Hastings-on-Hudson, which is a perfect example of shoppers choosing to shop local. While both downtown and highway retail properties have their unique advantages, downtown retail properties, such as this one, are often considered more desirable. Highway retail properties, while convenient for quick stops, often lack the same level of ambiance and variety, which can affect consumer satisfaction and loyalty. The village has a reputation for being affluent, which can translate into a more robust consumer base with higher disposable income. This demographic can be favorable for retail businesses, particularly those offering premium or niche products. One of the primary advantages of downtown retail properties is their high visibility and foot traffic. Downtown areas are typically bustling with activity, attracting both locals and day visitors. This constant flow of potential customers increases the likelihood of spontaneous purchases and brand exposure. Capitalizing on an opportunity such as this one will not only have positive economic impacts on the surrounding community, it fosters a dynamic and resilient commercial environment resulting in a positive return on investment.

LOCATION OVERVIEW
Hastings-on-Hudson is known for its picturesque setting along the Hudson River and its charming small-town atmosphere. This is attractive to both businesses and consumers, driving higher foot traffic to retail establishments. The Village offers a high quality of life with good schools, parks, and recreational activities, attracting residents, who in turn support local businesses and retail establishments. Downtown retail and office properties are more accessible to a broader range of consumers creating a vibrant atmosphere that encourages longer visits and higher spending. Retail and office properties in such areas benefit from local support and community-driven events that boost foot traffic and sales. Hastings-on-Hudson is only located about 20 miles north of Manhattan so its proximity to NYC offers businesses access to a large metropolitan market while benefiting from a quieter suburban environment, which is especially appealing for commuters and small business owners looking for a balance between city and suburban life.

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