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500-504 E Tremont Ave
Bronx, NY 10457
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy Foot & Vehicular Traffic
- Development Potential
- Corner Property
EXECUTIVE SUMMARY
A fully occupied, single-story retail building located in the heart of the vibrant Tremont neighborhood in the Bronx. This well-maintained property comprises 6,166 square feet of retail space across six storefront units, offering stable in-place income with potential for upside. Positioned on a 6,880 square foot lot, the property is zoned C4-5X, allowing for up to 41,280 buildable square feet under the city’s UAP (Universal Affordability Preference) program — making this an ideal opportunity for both investors and developers
seeking long-term growth and value-add potential in a high-demand corridor
seeking long-term growth and value-add potential in a high-demand corridor
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,166 SF
Building Class
B
Year Built
1989
NOI
$234,143 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C4-4 - Zoning C4-5X Residential FAR 5.00, Residential FAR (UAP) 6.00, Commercial FAR 4.00, Community FAR 5.00.
Qualified Opportunity Zone (OZ) Yes.
Frontage
PROPERTY TAXES
| Parcel Number | 02924-0015 | Improvements Assessment | $480,608 CAD |
| Land Assessment | $199,883 CAD | Total Assessment | $680,491 CAD |
PROPERTY TAXES
Parcel Number
02924-0015
Land Assessment
$199,883 CAD
Improvements Assessment
$480,608 CAD
Total Assessment
$680,491 CAD
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