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    1761 Carter Ave, Unit The Bronx, NY 10457

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    For Sale
    $3,500,000

    Thriving auto repair shop with parking and income potential.

    Lot size:
    0.34 Acres

    Property Features for 1761 Carter Ave

    General Information

    Lot size
    0.34 Acres

    Building Details

    Year built
    1931

    Source: Pamela P. Peralta Agent Pamela P. Peralta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Auto Repair Shop For Sale

    This commercial property presents an opportunity to acquire land, a building, parking rights, and a business. The property currently houses an established auto repair shop with a customer base. It is situated in a busy location off a major highway, with proximity to buses and nearby businesses. The property includes space that could be rented to tenants for additional income. The existing business has been operating for over two decades and includes equipment, state and city permits, and paperwork. The adjoining parking lot is currently under a long-term lease, with the seller paying $420 per month. The property is being sold as-is with the current tenant in place.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    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.

    Similar Places Nearby

    Welly Auto Repair Corporation, Moricz Imports, Lee Auto, Curtis Limited, Webster Tires & Wheels 1

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.903165
    Latitude
    40.845631

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    FAQs

    What type of property is this?
    Auto shop - Thriving auto repair shop with parking and income potential.
    Where is this auto shop located?
    The property is located at 1761 Carter Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Established, thriving auto repair business included in sale (land, building, business, parking rights).; - Prime, busy location near major highway, buses, and other businesses.; - Opportunity for additional income through tenant rental space.
    (347) 873-1946
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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, Unit The Bronx, NY 10457
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