500 167Th St, The Bronx, NY 10456

This exceptional investment opportunity consists of two adjacent mixed-use parcels located at 500 and 502 E 167th St in the Bronx, NY, 10456. Offered together for $1,399,000, these properties present a unique chance to capitalize on a thriving area. Each parcel features ground-level commercial space currently occupied by retail tenants, and a first-floor area suitable for residential or office use. A shared basement provides ample storage space. The total square footage is approximately 5,000 square feet. Two vacant rooms on the first floor offer flexibility for future development as either additional residential units or office space. The properties could potentially be merged for a larger, unified space. The current annual property taxes are $14,852. This offering presents a compelling investment opportunity in a high-growth area of the Bronx. The existing retail tenants provide immediate income potential, while the vacant spaces allow for significant value-add potential through lease-up or renovation. The shared basement adds further utility and potential for increased revenue. This is an ideal acquisition for investors seeking a multi-faceted property with strong potential for future appreciation.