577 137Th St The Bronx, NY 10454
- Commercial real estate
- 2,500 SF
Current Use by Public Records
- Commercial real estate
Property Details for 577 137Th St
- Property size
- 2,500 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a vacant 2,500 to 10,750 square foot lot located at 577 East 137th Street, Bronx, NY 10454. The property is zoned R6, permitting the construction of up to 16,500 square feet as of right, offering significant development potential. The lot size is approximately 5,500 square feet. This vacant land presents a unique chance for redevelopment in a prime Bronx location. The property's vacant status allows for immediate development, eliminating the complexities of tenant relocation or lease negotiations. Its strategic location provides excellent connectivity to major highways and public transportation, enhancing its appeal to potential residents and businesses. The asking price for this exceptional redevelopment opportunity is $1,975,000. This is a long-term ownership opportunity ideal for developers and builders seeking to capitalize on the Bronx's thriving real estate market. The property consists of two buildings, currently vacant, presenting a blank canvas for a new construction project. This is a value-add investment with significant upside potential.
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
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.91748282
- Latitude
- 40.80592243
