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296 City Island 1,511 SF Retail Building Bronx, NY 10464 $589,000 ($389.81/SF)



Executive Summary
Prime commercial opportunity in the heart of City Island, one of the Bronx’s most desirable and destination-driven waterfront communities. Thisversatile commercial space is well suited for an office, restaurant, cafe, or retail use and offers strong long-term upside for both owner-users and investors. The property features large front windows providing excellent street visibility and natural light, exposed brick for added character, and a flexible layout that can be configured to meet a variety of business needs. Previously operated as a restaurant, existing equipment may be included if desired and is being offered as-is. A private rear yard adds additional value and utility, ideal for storage, prep space, or ancillary use. City Island is a proven commercial corridor known for its marinas, seafood restaurants, and consistent weekend and seasonal foot traffic, supported by a strong local customer base and steady tourism. For investors seeking immediate income, the seller is willing to lease back the property at fair market value if desired by the buyer, providing a potential stabilized return from day one. This offering presents a rare opportunity to acquire a flexible, income-capable asset in a high-demand submarket with limited commercial inventory. Ideal for investors ,owner-users, or those seeking a value-add opportunity in a vibrant waterfront setting.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,511 SF
Building Class
C
Year Built
1920
Price
$589,000
Price Per SF
$389.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.74
Lot Size
0.05 AC
Zoning
R3A - Residential
Frontage
23’ on City Island Ave
Amenities
- Bus Line
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05643-0059 | Improvements Assessment | $94,770 |
| Land Assessment | $36,900 | Total Assessment | $131,670 |
Property Taxes
Parcel Number
05643-0059
Land Assessment
$36,900
Improvements Assessment
$94,770
Total Assessment
$131,670
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296 City Island
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