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Property profile & analytics
FOR SALE
Drive through restaurants

1506 Bronxdale Ave Bronx, NY 10462

1,546 SF 0.06 ac lot Built 1932
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US63-0130042
Property summary
AI-generated overview

This exceptional commercial property presents a rare investment opportunity in the thriving Bronx, situated at the crossroads of Parkchester and Morris Park. Priced at $1,390,000, this 1,546 square foot retail space sits on a 0.06-acre lot and is currently operating as a successful Asian restaurant, included in the sale. The property's strategic location offers unparalleled access to the highly anticipated Metro North Parkchester station, slated to open in 2026, a mere 5-minute walk away. This convenient proximity promises increased foot traffic and enhanced visibility for future businesses. The building is zoned R6-1 & C2-4, providing flexibility for a variety of commercial uses. The main floor features a well-equipped kitchen and spacious dining area, perfectly suited for restaurant operations or adaptable to other retail ventures. A full basement provides ample storage and office space, adding to the property's functionality and value. This turnkey operation offers immediate income potential and significant long-term growth prospects, making it an ideal investment for savvy entrepreneurs and seasoned investors alike. The property's prime location, combined with the upcoming Metro North station and versatile zoning, ensures a strong return on investment. Don't miss this chance to own a piece of the Bronx's vibrant commercial landscape.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1932
Total area 1,546 SF
Lot 0.06 ac (2,565 SF)
Zoning code R4
APN 04063-0020
UPID US63-0130042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lin’s Asian Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
1506 Bronxdale INC · 11 yrs held
1506 Bronxdale INC
since 2015
1 recorded transaction
2015
$500,000
Zoning & alternative use
R4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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