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Block Front Development Site 1544 E 174th St 6,592 SF 100% Leased Retail Building Bronx, NY 10472 $12,000,000 ($1,820.39/SF)
INVESTMENT HIGHLIGHTS
- Located in the Park Versailles – Bronx River neighborhood, offering excellent visibility and strong foot traffic.
- Includes three commercial units, ideal for retail or business opportunities in a high-demand corridor.
- Excellent accessibility with a Walk Score of 81 and Transit Score of 100, near major subway lines and bus routes.
- Features a one-story retail building with 6,592 SF of building area on a 25,872 SF lot, providing ample space for operations.
- Offers ample parking facilities, enhancing convenience for customers and tenants.
- Represents a strong investment opportunity in a growing Bronx submarket, with long-term upside potential.
EXECUTIVE SUMMARY
SP Capital is proud to exclusively offer this development site located in the Park Versailles – Bronx River neighborhood of the Bronx. The offering is for a lot with 27,583 square feet of land area currently improved by single-story retail buildings. The lot is zoned for 82,749 BSF as of right, 107,573 BSF with UAP, and 132,398 BSF with the facility bonus. Located at the corners of Bronx River Ave, E 174th St, Ward Ave, and E 173rd St, this property is only steps away from restaurants, shops, markets, schools, Starlight Park, and the 2, 5, and 6 train
The subject property is a nearly full-block corner development site located at Bronx River Ave, E 174th St, E 173rd St, and Ward Ave in the Park Versailles section of the Bronx.
This is a shovel-ready opportunity with clean environmental reports and over 82,000 BSF as-of-right, with potential to reach 132,398 BSF for community facility use.
See attached for the Offering Memorandum
1544 E 174th Street
• 27,583 SF Lot (Irregular: 207 ft x 158 ft)
• Zoning: R6 / C2-2 | As-of-Right FAR: 3.00 | Facility FAR: 4.8
• 82,749 BSF As-of-Right | 107,573 BSF w/ UAP | 132,398 BSF w/ Facility Bonus
• Nearly Full Block Site | ~556 FT Total Frontage
• Delivered Vacant
• Clean Phase II Environmental – No USTs or VOCs
• Located Steps from the 2, 5 & 6 Train, Bronx River Park, Schools & Retail
• Annual Taxes: $76,741
The subject property is a nearly full-block corner development site located at Bronx River Ave, E 174th St, E 173rd St, and Ward Ave in the Park Versailles section of the Bronx.
This is a shovel-ready opportunity with clean environmental reports and over 82,000 BSF as-of-right, with potential to reach 132,398 BSF for community facility use.
See attached for the Offering Memorandum
1544 E 174th Street
• 27,583 SF Lot (Irregular: 207 ft x 158 ft)
• Zoning: R6 / C2-2 | As-of-Right FAR: 3.00 | Facility FAR: 4.8
• 82,749 BSF As-of-Right | 107,573 BSF w/ UAP | 132,398 BSF w/ Facility Bonus
• Nearly Full Block Site | ~556 FT Total Frontage
• Delivered Vacant
• Clean Phase II Environmental – No USTs or VOCs
• Located Steps from the 2, 5 & 6 Train, Bronx River Park, Schools & Retail
• Annual Taxes: $76,741
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Building Size
6,592 SF
Building Class
C
Year Built
1949
Price
$12,000,000
Price Per SF
$1,820.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.75 AC
Zoning
R6 - Commercial
Frontage
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03885-0001 | Improvements Assessment | $305,370 |
| Land Assessment | $407,700 | Total Assessment | $713,070 |
PROPERTY TAXES
Parcel Number
03885-0001
Land Assessment
$407,700
Improvements Assessment
$305,370
Total Assessment
$713,070
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Block Front Development Site | 1544 E 174th St
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