Rare corner mixed use investment property located in the heart of a busy Bronx commercial corridor.
New York, NY 10462
Listing
| Web ID: | 5742548 |
|---|---|
| Website: | https://www.nestseekers.com/5742548 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Lot Size: | 0.1 Acres |
Financials
Price:$3,280,000
Annual Taxes:$38,223
Description
Rare corner mixed-use investment property located in the heart of a busy Bronx commercial corridor. Situated on highly visible White Plains Road, this street-front corner building benefits from heavy vehicle and pedestrian traffic, dense surrounding residential population, and strong neighborhood demand.
This 2-story mixed-use building sits on an approximately 45 x 90 lot and offers approximately 7,300 SF of usable space, with potential maximum buildable area of approximately 12,285 SF under R6 / C1-2 zoning, subject to architect review and government approvals.
The property features 9 income sources, including 5 retail stores, 2 offices, and 2 residential units. The five retail stores are long-established businesses, with some operating for over 30 years, providing stable rental income. Current annual rental income is close to $290,000, with potential annual income estimated at approximately $350,000+ with future rent adjustments.
Prime location near subway and bus transportation, including nearby 6 train / Q44 bus access, and approximately 15 minutes by car to Downtown Flushing / Main Street. Excellent opportunity for investors seeking a high-exposure corner asset with stable cash flow, diversified income, long-term holding value, and future upside potential.
Amenities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
Contact
Listing Courtesy of Chase Global Realty Corp