10 Mill Street

Please visit the Property Website to obtain access to the Offering Memorandum.

CBRE has been retained as the exclusive advisor for the sale of 10 Mill Street, a ±0.22‑acre parcel improved with a ±4,928 SF freestanding retail building prominently positioned at the corner of Mill Street and Abendroth Avenue, in the Village of Port Chester, within the Town of Rye. The pedestrian‑oriented location sits just one block from US Route 1 in the heart of Port Chester’s vibrant downtown. Strategically situated at a highly visible gateway into the Village—one of the first properties encountered when entering from Greenwich’s Byram neighborhood—the site offers exceptional prominence and accessibility.

The waterfront property benefits from a prime, transit‑oriented setting within downtown Port Chester. Directly across the street is The Abendroth, a newly constructed 209‑unit multifamily community. The Property is also within walking distance of more than 500 recently delivered multifamily units and just 0.3 miles from the Port Chester Metro‑North Train Station. Its central location, one block from US Route 1 and 0.5 miles from Interstate 95, positions the site to capitalize on continued urban development and the area’s strong economic momentum.

Located within affluent Westchester County, approximately 25 miles northeast of Midtown Manhattan, the Property sits along the Byram River, forming the eastern border of Port Chester. The Village benefits from close proximity to Greenwich, Connecticut, one of the wealthiest communities in the United States. Residents from both Greenwich and Westchester are drawn to Port Chester’s well‑known dining scene—a dynamic mix of high‑end culinary concepts and authentic ethnic eateries, including several offering waterfront seating.

Labor availability in the surrounding area is robust, with approximately 732,000 workers within a 10‑mile radius. Port Chester is part of the I‑287 East Submarket, comprising roughly 6.18 million square feet of retail inventory. As of Q1 2026, the submarket maintains a low vacancy rate of 3.2%. Average asking rents are $42.85 per SF, supported by consistent annual rent growth averaging 1.9% over the past decade. Current year‑over‑year rent growth stands at 2.1%, outperforming the broader New York metro area at 1.3%. With no new retail construction underway, supply‑side pressure remains minimal, underscoring the submarket’s strength and attractiveness to investors.

10 Mill Street represents a rare opportunity to acquire a vacant retail asset in a thriving, walkable downtown environment, supported by strong demographics, exceptional visibility, and sustained demand fundamentals.