158-164 Locust Ave Bronx, NY 10454
- Retail properties
- 72,585 SF
Current Use by Public Records
- Retail properties
Property Details for 158-164 Locust Ave
- Property size
- 72,585 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional commercial property at 158-164 Locust Avenue in the Bronx, NY (zip code 10454), presents a unique investment opportunity. The 72,585 square foot lot, encompassing 57,601 square feet of land and an additional 14,997 square feet of seaward area, offers significant development potential. Located in the Port Morris neighborhood, this waterfront parcel benefits from convenient access to the Bruckner Expressway, ensuring easy connectivity to the tri-state area. Zoned M3-1, the property allows for as-of-right development up to 145,170 square feet of industrial or commercial space. The site's generous size and multiple access points enhance its versatility. Currently utilized for outdoor storage, this rare offering is priced at $22,000,000 and boasts low annual taxes of $60,210. This is an ideal opportunity for developers and investors seeking a prime waterfront location with substantial buildable area in a thriving New York City borough. The property's strategic location and zoning regulations combine to create a compelling investment proposition with significant long-term growth potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9086
- Latitude
- 40.8001
