Fantastic Investment Opportunity: Vacant Lot in Downtown Bronx, New York. Located in the heart of downtown, close to Yankee Stadium, this property features a land area of 35x100 feet, with R8A/C2-4 Zoning, offering potential for a development of around 21,000 square feet (specifics can be discussed with a professional architect). Moreover, the annual property tax is just $2,500, providing substantial savings. Convenience is paramount, thanks to easy access to transportation. The property is situated near the B/D/4 subway lines and train station. The Bronx County Hall of Justice is conveniently located across the street, adding to the property's appeal. In addition to its prime location, the area is bustling with amenities such as Starbucks, Home Depot, CVS, Walgreens, and more, presenting limitless possibilities for your project. With a thriving market in mind, rental rates for 1 to 3-bedroom apartments range from $2,500 to $3,800. The potential for land development is extensive, promising high returns on investment. Competitively priced at just $2.28 million, this represents an exceptional deal that you won't want to miss. Take action now and embrace this outstanding opportunity for success.
Details for 882 MORRIS AVE
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Sany Realty Group LLC, 718-799-0726
Updated 8:09PM - 12/8/2023
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Area Information for 882 MORRIS AVE
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