1517 Adee Ave Bronx, NY 10469
- Commercial real estate
- 2,137 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1517 Adee Ave
- Property size
- 2,137 SF
- Property type
- Commercial real estate
Description
This exceptional 2,375 square foot vacant lot presents a remarkable development opportunity in the thriving Baychester neighborhood of the Bronx. Located at 1517 Adee Avenue, this 25' x 95' parcel is zoned R4-1, permitting the construction of an approximately 2,137 square foot detached two-family home. The land offers a compelling value proposition at $107 per square foot, with an asking price of $229,000. The property's strategic location provides convenient access to major transportation arteries, including the 5 subway line at Gunhill Road Station, the Hutchinson River Parkway, and Interstate 95. Furthermore, its proximity to East Gunhill Road, a bustling thoroughfare with various retail establishments, restaurants, and banks, enhances its appeal. The nearby Mall at Bay Plaza, a significant shopping and dining destination featuring prominent retailers like Apple, JCPenney, and Macy's, adds to the area's vibrancy and convenience. This property is identified as Block 4766, Lot 30, and is classified as Tax Class 1B, with annual property taxes amounting to $1,485. This is a rare chance to acquire a prime development site in a rapidly growing area of the Bronx. The lot's dimensions and zoning regulations provide a clear path for a profitable residential development project.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.841961
- Latitude
- 40.869881
