4551 White Plains Rd 4,640 SF 100% Leased Retail Building Bronx, NY 10470 $1,746,265 CAD ($376.35 CAD/SF)

The property at 4551 White Plains Road presents a compelling opportunity for investors, developers, or owner-users seeking a strategically positioned North Bronx asset with multiple value-creation paths. The vacant two-story structure offers immediate adaptability for repositioning, owner occupancy, or full redevelopment, supported by a flexible zoning framework that allows significant density. With a 3,670 square-foot lot and 11,010 buildable square feet as-of-right, the site provides meaningful scale for a new project, while an enhanced 14,313 buildable square feet becomes achievable under applicable “City of Yes” provisions, expanding the long-term potential for mixed-use or residential development.
The property benefits from outstanding transportation access, located only steps from the Wakefield–241st Street station, the northern terminus of the 2 and 5 subway lines. This connectivity strengthens the location’s appeal for future residential or commercial tenants commuting throughout the Bronx and into Manhattan. Its Walk Score classification as a Walker’s Paradise, paired with excellent transit access, further enhances long-term demand and supports a variety of development strategies.
The site is set directly along the established White Plains Road retail corridor, characterized by consistent pedestrian activity and a healthy mix of national and neighborhood-serving tenants. This visibility and built-in customer base enhance the property’s profile for potential ground-floor retail components or community-serving uses within a new development. With a competitive asking price of $1,275,000, air rights of approximately 6,370 square feet, and a favorable tax class designation, the asset stands out as a rare transit-oriented opportunity in a mature and high-demand Bronx submarket. Its locational advantages, transit proximity, and flexible development envelope provide a strong foundation for a range of investment strategies, from rental housing to mixed-use concepts.