425 Devoe Ave The Bronx, NY 10460
- Warehouses
- 89,750 SF
- 0.92 lot acres
Current Use by Public Records
- Quality Door / Door Supplier
Property Details for 425 Devoe Ave
- Year built
- 1900
- Lot size
- 0.92 lot acres
- Property size
- 89,750 SF
- Zone code
- M1-1
- Property type
- Warehouses
- APN
- 04003-0016
- APU
- 40030016
Description
This exceptional 89,750-square-foot warehouse in the Bronx, New York, presents a compelling investment opportunity. Priced at $10,750,000, this three-story industrial property boasts a versatile layout ideal for various uses. The building features 40,097 square feet of net rentable space, strategically divided across three floors: a ground level of 36,000 square feet (divisible), a lower level of 30,000 square feet, a second floor of 15,750 square feet (divisible), and an 8,000-square-foot divisible third floor. Ceiling heights range from 10 to 20 feet, accommodating diverse storage and operational needs. The property includes covered truck-level loading docks, four drive-in doors, and a new 8,000-pound freight elevator, enhancing efficiency and accessibility. An upgraded electrical service further enhances operational capabilities. Situated on a 40,097-square-foot lot, the land value is $120 per square foot. The M1-1 zoning permits light manufacturing, expanding potential uses. Currently, an in-place ICAP is utilized for self-storage. Its prime location offers convenient access to the 2/5 subway lines, the Cross Bronx Expressway (I-95), and the Sheridan Expressway, providing seamless connectivity to Manhattan and the Tri-state area. This property offers a unique blend of functionality, location, and potential for significant return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.877
- Latitude
- 40.8412
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
