2225 Lodovick Ave The Bronx, NY 10469

This unique 13,540 square foot, three-story building at 2225 Lodovick Ave in The Bronx, NY (zip code 10469) presents a compelling investment opportunity. Currently configured as a 50-bed assisted living facility, this Class C property, built in 1927, sits on a single lot and offers significant potential for redevelopment or renovation. The property is zoned R3X, allowing for a variety of uses. Located in the desirable Pelham Gardens neighborhood, it benefits from convenient access to the MTA 5 train, major highways, shopping centers, and other public transportation. The asking price is $5,200,000, translating to $384.05 per square foot. While the property has a long history of serving the community, significant upgrades are recommended to meet the needs of modern assisted living clients. This presents a rare chance to acquire a substantial property in a prime location with the potential for significant returns after renovations. The property's serene suburban setting offers a tranquil environment while maintaining easy access to the vibrancy of city life. This is a unique opportunity to acquire a well-positioned asset with substantial upside potential. Further details are available upon request.