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    1761 Carter Ave Bronx, NY 10457

    Sponsored
    For Sale
    $3,500,000

    Thriving Business, High-Traffic Location

    Property size:
    16,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a rare chance to acquire a well-established auto repair shop in the Bronx, New York. The property encompasses a substantial 16,800 square feet building situated on a 0.34-acre lot, offering significant potential for expansion or additional income streams. The business itself boasts a loyal customer base and is equipped with all necessary tools and equipment, along with up-to-date permits and paperwork, ensuring a smooth transition for the new owner. The prime location off a major highway, near public transportation, and central to other businesses guarantees high visibility and accessibility. The property's strategic positioning ensures consistent customer traffic and strong revenue generation. An added benefit is the inclusion of parking rights, currently leased for $420 per month under a long-term agreement. This provides a consistent supplemental income stream. The building offers ample space to accommodate additional tenants, creating further opportunities to increase profitability. This turnkey operation has been successfully operating for over two decades and is being sold as-is with the current tenant in place. The property is priced at $3,500,000. Showings require prior approval

    Property Features for 1761 Carter Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,800 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1931
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx County
    State
    New York
    Longitude
    -73.90332
    Latitude
    40.84536

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Business, High-Traffic Location
    Where is this commercial real estate located?
    The property is located at 1761 Carter Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (347) 873-1946
    Request Owner's contact information
    1761 Carter Ave Bronx, NY 10457
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    Bronx, NY 10457
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1761 Carter Ave Bronx, NY 10457
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