2572 Park AveThe Bronx, NY 10451

Property Details for 2572 Park Ave

Year built

1931

Property size (Sq ft)

21,100 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

Description

This exceptional 21,100-square-foot industrial property, located at 2572 Park Avenue in the Bronx's Mott Haven Opportunity Zone, presents a unique investment or owner-user opportunity. The building, constructed in 1931 and renovated in 2005, boasts four expansive 5,275-square-foot floors within a single building, offering versatile space for a variety of uses. Its M-2 zoning allows for flexible commercial applications, making it suitable for contractors, subcontractors, artists, educational services, or similar businesses. The property features eight dock-high doors, a freight elevator, high-pressure gas service, a central station wet sprinkler system, and updated roof, plumbing, and electrical systems. Each floor has separate electric and gas meters. The ground floor includes a commercial kitchen, while the first floor is adaptable as a flexible event space. The upper floors are ideal for studios or co-working spaces. This prime location offers convenient access to public transportation, being less than a block from the subway and three express stops from Midtown Manhattan. Its proximity to Interstates 87 and 95, along with a nearby 70-room hotel, further enhances its appeal. The property's history includes diverse tenants, showcasing its adaptability and potential for future success. This is an excellent opportunity for an owner-user seeking a functional and well-located space or an investor looking to capitalize on redevelopment and lease-up potential within a thriving area. The lot size is 5,835 square feet.

Location Insight

City

The Bronx

County

Bronx

State

New York

Latitude

40.8131

Longitude

-73.9285

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