57 Burnside AveThe Bronx, NY 10453

Property Details for 57 Burnside Ave

Year built

1923

Lot size

0.53 AC

Property size (Sq ft)

21,000 SF

Zone code

R8

Property type

Retail properties

Property subtype

Retail space

APN

03178-0001

APU

31780001

Description

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.

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8537

Longitude

-73.9059

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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