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    451 Tremont Ave The Bronx, NY 10457

    Sponsored
    For Sale
    $1,299,000

    Vacant Retail Space, Mixed-Use Zoning

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,500 square foot storefront at 451 E. Tremont Avenue in the Bronx, New York, presents a unique investment opportunity. Currently vacant, this property offers significant potential for redevelopment. Built in 1931, the single-building structure sits on a 2,500 square foot lot and is zoned C4-5X, permitting both commercial and residential development. The property's prime location offers excellent visibility and accessibility, with convenient proximity to public transportation. Specifically, it's located one block from the Tremont Metro North Station and a short drive from major attractions such as the Bronx Zoo, St. Barnabas Hospital, and Little Italy. The area is experiencing significant revitalization, making this a particularly attractive investment in a rapidly growing neighborhood. The property's mixed-use zoning allows for flexible development options, catering to the increasing demand for urban living and commercial spaces. The ease of access to I-95 further enhances its appeal to both residents and businesses. This is a rare chance to acquire a strategically located property with substantial upside potential in a thriving borough. The asking price is $1,299,000.

    Property Features for 451 Tremont Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,500 SF

    Building Details

    Year Built
    1931
    Buildings
    1

    HighLights

    • 2,500 SF vacant storefront at 451 E. Tremont Ave, Bronx, NY.
    • 1931‑built, single‑building structure on a 2,500 SF lot, zoned C4‑5X (mixed‑use).
    • Prime location with excellent visibility and accessibility, one block from Metro North.
    • Near Bronx Zoo, St. Barnabas Hospital, and Little Italy; I‑95 access.
    • $1,299,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATR Appliances Inc Appliance Store

    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
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8986945
    Latitude
    40.8474012

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Retail Space, Mixed-Use Zoning
    Where is this individual retail property located?
    The property is located at 451 Tremont Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: 2,500 SF vacant storefront at 451 E. Tremont Ave, Bronx, NY.; 1931-built, single-building structure on a 2,500 SF lot, zoned C4-5X (mixed-use).; Prime location with excellent visibility and accessibility, one block from Metro North.
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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
    451 Tremont Ave The Bronx, NY 10457
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