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447 E Tremont Ave
Bronx, NY 10457
Retail Property For Sale
Investment Highlights
- Vacant commercial site situated on East Tremont Avenue with strong existing retail presence.
- Well-suited for a range of commercial or mixed-use development possibilities.
- High-demand growth corridor in a dense NYC submarket.
- Offers flexibility for redevelopment with substantial unused air rights and favorable zoning.
- Close proximity to transportation, healthcare facilities, and daily amenities.
Executive Summary
447 East Tremont Avenue presents a unique opportunity to acquire a vacant retail property with prime redevelopment potential in a high-demand Bronx corridor. Offering C4-5X / R7X zoning and up to 12,025 square feet of buildable area, including 9,644 square feet of unused air rights, the property is ideal for mixed-use or commercial projects.
Located along East Tremont Avenue with strong retail presence and dense residential surroundings, the site benefits from excellent visibility and access to major transit options, including nearby subway lines and the Cross Bronx Expressway. Close proximity to healthcare, retail, and community amenities positions this asset as an attractive option for developers and investors seeking long-term growth.
Located along East Tremont Avenue with strong retail presence and dense residential surroundings, the site benefits from excellent visibility and access to major transit options, including nearby subway lines and the Cross Bronx Expressway. Close proximity to healthcare, retail, and community amenities positions this asset as an attractive option for developers and investors seeking long-term growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,375 SF
Building Class
C
Year Built
1931
Price
$1,600,000
Price Per SF
$673.68
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C4-5X, R7X - 12,025 BSF as of right, up to 14,430 BSF with UAP, or 9,620 commercial BSF
Property Taxes
| Parcel Number | 03034-0055 | Improvements Assessment | $185,220 |
| Land Assessment | $24,300 | Total Assessment | $209,520 |
Property Taxes
Parcel Number
03034-0055
Land Assessment
$24,300
Improvements Assessment
$185,220
Total Assessment
$209,520
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