900 Morris Park Ave Bronx, NY 10462-3713
- Retail residential properties
- 17,605 SF
- 0.16 lot acres
Current Use by Public Records
- 900 park/ reginascafe / Bar & Grill
- Perfection Laser and Spa / Spa And Health Club
- Absolutto Cuisine & Bar / Restaurant / Italian Restaurant
Property Details for 900 Morris Park Ave
- Year built
- 1989
- Lot size
- 0.16 lot acres
- Property size
- 17,605 SF
- Zone code
- R4-1
- Property type
- Retail residential properties
- APN
- 04094-0001
- APU
- 40940001
Description
This exceptional commercial property, located at 900 Morris Park Ave in the Bronx, NY 10462, presents a unique opportunity for a savvy investor. Priced at $22,000, this 5,600 square foot retail space is ideally suited for a restaurant. Currently set up as a fully operational restaurant, it boasts a complete inventory of commercial-grade equipment, including stoves, walk-in refrigerators, tables, chairs, and all necessary furniture. This turnkey setup allows for immediate operation, eliminating the need for extensive start-up costs and delays. The property features a well-designed layout with both indoor and outdoor seating areas, creating an inviting atmosphere for patrons. A full basement provides ample storage and operational space. Its prime corner location near major hospitals ensures high foot traffic from healthcare professionals, visitors, and local residents. Convenient access to public transportation further enhances its appeal. This is an exceptional opportunity to acquire a fully equipped, high-traffic retail space ready for immediate business success in a thriving Bronx neighborhood. The property is zoned for commercial use and offers significant potential for immediate revenue generation. Don't miss this chance to own a piece of the Bronx's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,815,000
- 6.5%
- $5,690,000
- 7%
- $6,535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,310,000
- Geo Method
- $6,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,265,000
- Retail
- $6,320,000
- Mixed-Use
- $6,165,000
- Hospitality
- $6,305,000
- Educational
- $5,925,000
- Residential Income
- $5,155,000
- Energy
- $5,705,000
- Income-Based Land
- $5,610,000
- Food Service
- $5,865,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.859
- Latitude
- 40.8466
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
