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2225 Lodovick Ave The Bronx, NY 10469

Sponsored
For Sale
$5,200,000

50-Bed Bronx Investment Opportunity

Property size:
13,540 SF

Description

Added:
Dec 11, 2024
Days on Market:
394
This unique 13,540 square foot, three-story building at 2225 Lodovick Ave in The Bronx, NY (zip code 10469) presents a compelling investment opportunity. Currently configured as a 50-bed assisted living facility, this Class C property, built in 1927, sits on a single lot and offers significant potential for redevelopment or renovation. The property is zoned R3X, allowing for a variety of uses. Located in the desirable Pelham Gardens neighborhood, it benefits from convenient access to the MTA 5 train, major highways, shopping centers, and other public transportation. The asking price is $5,200,000, translating to $384.05 per square foot. While the property has a long history of serving the community, significant upgrades are recommended to meet the needs of modern assisted living clients. This presents a rare chance to acquire a substantial property in a prime location with the potential for significant returns after renovations. The property's serene suburban setting offers a tranquil environment while maintaining easy access to the vibrancy of city life. This is a unique opportunity to acquire a well-positioned asset with substantial upside potential. Further details are available upon request.

Property Features for 2225 Lodovick Ave

General Information

Property type
Retirement homes
Square Feet
13,540 SF
Class
C

Building Details

Year Built
1927
Buildings
1
Stories
3
Units
1

HighLights

  • 13,540 SF, three‑story building in Pelham Gardens, Bronx, NY (10469).
  • Currently operating as a 50‑bed assisted living facility, requiring renovations.
  • Class C property built in 1927, situated on a single lot, zoned R3X, offering redevelopment potential.
  • Asking price: $5,200,000 ($384.05/SF).
  • Excellent location near MTA 5 train, major highways, and shopping.
Property Profile Location Intelligence

Current Use by Public Records

Community Action For Human ... Non-Profit Organization CAHSInc. Home Goods Store Lodovick Avenue, Intermediate ... Non-Profit Organization

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
The Bronx
County
Bronx
State
New York
Longitude
-73.8374495
Latitude
40.8581919

FAQs

What type of property is this?
Retirement home - 50-Bed Bronx Investment Opportunity
Where is this retirement home located?
The property is located at 2225 Lodovick Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 13,540 SF, three-story building in Pelham Gardens, Bronx, NY (10469).; Currently operating as a 50-bed assisted living facility, requiring renovations.; Class C property built in 1927, situated on a single lot, zoned R3X, offering redevelopment potential.
More about this property
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