2500 Boston Rd, Unit 2508 Bronx, NY 10467-9002
- Auto shops
- 6,076 SF
- 0.14 lot acres
Current Use by Public Records
- Personal Touch Auto Body / Auto Repair Shop / Auto Body Shop
Property Details for 2500 Boston Rd
- Year built
- 1932
- Lot size
- 0.14 lot acres
- Property size
- 6,076 SF
- Zone code
- C8-1
- Property type
- Auto shops
- APN
- 04435-0005
- APU
- 44350005
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $370,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $420,000
- Mixed-Use
- $390,000
- Hospitality
- $395,000
- Educational
- $415,000
- Residential Income
- $320,000
- Energy
- $315,000
- Income-Based Land
- $410,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8649
- Latitude
- 40.8633
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA