57 Burnside AveThe Bronx, NY 10453

This exceptional 23,000 square foot lot at 57 E Burnside Ave in the Bronx, NY (zip code 10453), presents a lucrative redevelopment opportunity. Currently improved with a former Rite Aid and a Sagal Meats storefront, the property offers significant upside potential. The asking price is $15,800,000. The existing tenant, Sagal Meats, can be terminated with 90 days' notice, providing flexibility for future development plans. The property boasts a two-story building and substantial air rights, totaling 150,000 buildable square feet. This allows for a mixed-use development project, catering to a variety of uses. The permitted zoning is versatile, encompassing R8, C4-4D, and J classifications, opening doors to a wide range of development possibilities. This location in Bronx County offers excellent access to transportation and a thriving community. The property's size and zoning make it ideal for a large-scale project, promising significant returns on investment. This is a rare chance to acquire a prime development site in a rapidly growing area of The Bronx. Don't miss this opportunity to capitalize on the potential of this exceptional property. Contact us today to learn more about this exciting investment prospect.