River Ave Retail 556 River Ave 10,000 SF Retail Building Bronx, NY 10451 For Sale
INVESTMENT HIGHLIGHTS
- Busy Area
- Across the street from Bronx Terminal Market
- 3000+ New Apartments
- New Success Academy Charter School Being Built on the next Block
EXECUTIVE SUMMARY
10,000 Sq Ft Building in Rapidly Redeveloping Area.
Zoned M1-2 Allowing another floor to building for commercial as of right
Zoning Allows 48,000 Sq Ft Buildable for Community Facility Use
Seems Ideal for Rezoning to Residential (R9D Down the Block)
Over 3000 New Apartments Built in the immediate area
Across from Bronx Terminal Market Shopping Center
4 Blocks to Subway Station
One Block to 145th St Bridge to Manhattan
Close to Yankee Stadium
Zoned M1-2 Allowing another floor to building for commercial as of right
Zoning Allows 48,000 Sq Ft Buildable for Community Facility Use
Seems Ideal for Rezoning to Residential (R9D Down the Block)
Over 3000 New Apartments Built in the immediate area
Across from Bronx Terminal Market Shopping Center
4 Blocks to Subway Station
One Block to 145th St Bridge to Manhattan
Close to Yankee Stadium
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$60,033
|
$6.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,033
|
$6.00
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1931/2018
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
M1-2 - Manufacturing
Frontage
100’ on River Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Metro/Subway
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
New Facade & Storefronts New Bathroom
| Space | Size | Space Use | Position | Available |
| 1st Floor | 10,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02352-0006 | Total Assessment | $573,074 CAD (2024) |
| Land Assessment | $65,546 CAD (2024) | Annual Taxes | $60,033 CAD ($6.00 CAD/SF) |
| Improvements Assessment | $507,528 CAD (2024) | Tax Year | 2023 |
