Nest Seekers

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

Eastside, NY, Corporate
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
info@nestseekers.com
Listing Courtesy of Chase Global Realty Corp
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