Property summary
This exceptional opportunity presents a 6,076 sq ft commercial warehouse building situated on a 9,711 sq ft lot in the Bronx, NY (10467), at the high-traffic corner of Boston Road & Mace Avenue (approx. 14,000 cars daily). The property, zoned C8-1, boasts a 41-year history as a successful auto body shop, currently generating over $1 million in annual net income. Features include seven bays, 26 parking spaces, multiple private offices, a waiting room, 16-20 foot ceilings, two oversized 14-foot doors accommodating tractor-trailers, motion sensor lights, 3-phase power, central air conditioning, LED lighting, four Benwill one-arm lifts, two heavy-duty frame machines, two paint spray booths, a conveniently located bathroom with safety features, and a sprinkler system. The building's prime location and high visibility ensure maximum customer attraction. This turnkey business, capable of handling 17-20 cars simultaneously, offers a unique opportunity for an entrepreneur in the automotive industry to own rather than lease, especially considering area lease rates of $35,000-$40,000 per month. The asking price is $4,500,000.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C8-1 · Bronx, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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