4702 White Plains Rd Bronx, NY 10470

This single-tenant, mixed-use property at 4702 White Plains Rd, Bronx, NY 10470, presents a compelling investment opportunity. The 2,800 square foot building, constructed in 1930, sits on a 3,192 square foot lot and is zoned R6A-C2-2. Currently vacant, it offers significant upside potential with a pro-forma NOI of $97,200 and a 5.72% pro-forma cap rate. The asking price is $1,700,000, translating to $600.71 per square foot. A key feature is the substantial 6,700 square feet of available air rights, allowing for future expansion or development. The property's single-story design and single unit simplify management. Financial projections indicate a total yearly gross income of $101,400 and total yearly expenses of $4,200. This presents a rare chance to acquire a well-located Bronx property with considerable growth potential. The property's Class C designation and its location in Bronx County offer investors a chance to capitalize on the area's ongoing development. The vacant status allows for immediate customization to suit a variety of retail tenants. This is an exceptional opportunity for investors seeking a strong return on investment in a rapidly evolving market.