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Value-add, or owner operator restaurant 500 City Island Ave 6,816 SF Retail Building Bronx, NY 10464 $1,950,000 ($286.09/SF)
Investment Highlights
- This is a 6,816 square foot Retail Restaurant with 16,625 square feet of Lot Area.
- City Island is an affluent Bronx community with 18% of the population making $150,000-200,000 and 20% of the population making $200,000+
- 16,625 SF lot with on-site parking.
- Seller financing available for qualified buyers.
Executive Summary
PROPERTY SNAPSHOT
• Single-story, single-tenant retail property on a corner lot along the main retail corridor of City Island, Bronx
• 6,796 SF of building area on 16,625 SF lot with on-site parking
• 176 ft of frontage on City Island Avenue and 92 ft of frontage on Beach St
• MTA Bx29 City Island-Pelham Bay bus provides access to the 6 train at the Pelham Bay Park Station with a travel time of 10-15 minutes.
• City Island is an affluent Bronx community with 18% of the population making $150,000-200,000 and 20% of the population making $200,000+
• Single-story, single-tenant retail property on a corner lot along the main retail corridor of City Island, Bronx
• 6,796 SF of building area on 16,625 SF lot with on-site parking
• 176 ft of frontage on City Island Avenue and 92 ft of frontage on Beach St
• MTA Bx29 City Island-Pelham Bay bus provides access to the 6 train at the Pelham Bay Park Station with a travel time of 10-15 minutes.
• City Island is an affluent Bronx community with 18% of the population making $150,000-200,000 and 20% of the population making $200,000+
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,816 SF
Building Class
C
Year Built
1936
Price
$1,950,000
Price Per SF
$286.09
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.38 AC
Zoning
R3A - R3A/C2-2
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05635-0001 | Improvements Assessment | $398,700 |
| Land Assessment | $299,250 | Total Assessment | $697,950 |
Property Taxes
Parcel Number
05635-0001
Land Assessment
$299,250
Improvements Assessment
$398,700
Total Assessment
$697,950
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Value-add, or owner operator restaurant | 500 City Island Ave
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