Investment Property in Wakefield Section of the Bronx

PRIME EXISTING INCOME PRODUCING RETAIL SUBSTANTIAL ADDITIONAL BUILDABLE F.A.R.

Admiral Real Estate Services has retained the exclusive right to present this Bronx development site for sale. The site is situated on White Plains Road between 224th & 225th Streets. Most importantly, the site has immediate access to the MTA’s 225th Street train stop hosting #2 & #5 trains. This stop has a weekly ridership of nearly 4,000 persons as well as a weekend ridership of over 3,500 persons. (2019 mta.info)

This Bronx development site is situated in a highly trafficked, vibrant area with fantastic community purchase power. This +/- 33,910 SF lot has +/- 258 linear feet of frontage. Further, there is currently, +/- 17,790 SF of improved retail (tax) payers. Moreover, the +/- 17,000 SF built-out retail area has projected gross income of $726,000.

The property allows for multiple commercial zoning options. Additionally, nearby retailers include ShopFair, Papa John’s, Foot Locker, KFC, Subway, MoneyGram, Liquor, Food Universe, Pharmacy, Fish Market, Rainbow, Wonder Pets, and many more. Highway access is located between Bronxwood Ave and Bronx River Parkway. There is also a high daily traffic count of over 10,250 vehicles per day.