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Turnkey Corner Restaurant Building
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500 CITY ISLAND AVE, Bronx, NY 10464

Vacant, fully vented restaurant space with turnkey kitchen equipment and strong corner frontage plus private on-site parking.

Property Size6,796 SF
Lot Size16,625.00 Acres
Price / SF$257.50
Days on Market57

Property Features for 500 CITY ISLAND AVE

General Information

Standard status Active
Size 6,796 SF
Lot size 16,625.00 Acres
Property subtype Retail

Additional Details

Business Included Yes
Commercial Hood Yes

Building Details

Year Built 1936
Listing Agency: Northgate Real Estate Group
Listed By: Greg Corbin · License #10491213060
Source: Crexi
Added: Jun 10 Changed: Jul 10 Last Checked: Aug 4 at 11:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northgate Real Estate Group

Investment Insights

Based on property information with market context.

This lender-owned, REO property is a 6,796 SF building on a 16,625 SF lot with on-site private parking. The space is currently vacant but remains fully vented and outfitted with restaurant infrastructure, including kitchen and equipment, supporting an efficient move-in for qualified food operators.

The building occupies a high-visibility corner at the intersection of City Island Avenue and Beach Street, offering 176 feet of frontage on City Island Avenue and 92 feet on Beach Street. It is positioned along the island’s main commercial corridor, surrounded by established dining and retail uses, including City Island Lobster House, Sammy’s Shrimp Box, Artie’s Steak & Seafood, and The Black Whale, along with boutique shops and art galleries.

With its combination of ready-to-operate restaurant buildout, prominent corner exposure, and dedicated on-site parking, the property is well-suited to a restaurant or café concept, as well as other compatible uses such as retail, an event-driven space, a boutique shop, or an art gallery. The location is a year-round destination tied to nearby marina, yacht clubs, and waterfront parks, supporting visibility to visitors and locals throughout the year.

Key Highlights

  • Turnkey, fully vented restaurant space with kitchen & restaurant equipment; currently vacant (most recently a Japanese restaurant)
  • Corner location with 176 ft of frontage on City Island Avenue and 92 ft on Beach Street along the island’s main commercial corridor
  • 6,796 SF building on a 16,625 SF lot with on‑site private parking

Property Analytics

Current Use

LibertyX Bitcoin ATM Atm Ohana Japanese Hibachi ... Restaurant

Suggested Use

Top Pick Law Firm Dental Office Hair Salon HVAC Service Skin Care Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

367
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 50% Groceries 50%
Sunoco Shops & Services
4,428 visits/mo 0.1 miles
C-Town Supermarkets Groceries
4,394 visits/mo 0.2 miles

Demographics for 10464, NY

4,592
Population
2,255
Households
2
Avg Household Size
50
Median Age
46%
College-Educated
94%
High-School Grad
3.1 sq mi
ZIP Area
1,481
Density / Sq Mi
$100,306
Median Household Income
$70,148
Median Earnings
$1,993
Median Rent
$667,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Vacant, fully vented restaurant space with turnkey kitchen equipment and strong corner frontage plus private on-site parking.
Where is this conventional restaurant located?
The property is located at 500 CITY ISLAND AVE Bronx, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turnkey, fully vented restaurant space with kitchen & restaurant equipment; currently vacant (most recently a Japanese restaurant); Corner location with 176 ft of frontage on City Island Avenue and 92 ft on Beach Street along the island’s main commercial corridor; 6,796 SF building on a 16,625 SF lot with on‑site private parking
More about this property
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