861 Eagle Ave Bronx, NY 10456

This exceptional 13,700-square-foot warehouse at 861 Eagle Avenue in the Bronx, New York, presents a compelling investment opportunity. Located in the Melrose section of the South Bronx, this property boasts a prime location just one mile east of Yankee Stadium and offers convenient access to public transportation, including the 2/5 subway lines and Metro-North. Built in 1900, the warehouse features a spacious open layout on the first floor with high ceilings and a large bay door providing convenient drive-in access. Currently vacant, this property sits on a 15,130-square-foot lot and is zoned M1-1. The asking price is $5,150,000, translating to $375.91 per square foot. Importantly, this location is designated as a Qualified Opportunity Zone (QOZ), offering significant tax advantages to investors. Furthermore, the property's zoning presents potential for rezoning into a residential development, opening up further investment possibilities and access to programs like Mandatory Inclusionary Housing. This combination of location, size, and potential makes 861 Eagle Avenue an attractive proposition for discerning investors seeking strong returns in a rapidly developing area. The property's proximity to major transportation hubs and its potential for redevelopment significantly enhance its long-term value.